June 24, 2019
Consumers in three related proposed class actions accusing tribe-linked lenders of charging excessively high interest rates have urged a Virginia federal court to approve a $12.35 million settlement they say resolves all of their claims.
September 21, 2017
An online lender accused of striking "rent-a-tribe" deals with a Native American tribe in order to benefit from tribal immunity urged a Virginia federal judge Tuesday to dismiss a proposed class action over its lending practices, saying it is, in fact, a sovereign arm of the Chippewa Cree tribe and therefore immune from the litigation alleging false immunity.
July 12, 2017
A proposed class of consumers slapped two online lenders with a class action in Virginia federal court Tuesday, accusing them of striking deals with Native American tribes to benefit from tribal immunity in a "rent-a-tribe" scheme, all while charging the consumers exorbitant interest rates on loans that are barred by state law.