Bankrupt Payday Lender Can't Move Pa. AG's Suit To Texas

Law360 (April 4, 2018, 8:00 PM EDT) -- Think Finance LLC, a financial technology firm that critics say uses Native American tribes to skirt payday lending laws, failed to convince a Pennsylvania federal judge on Tuesday to move an action brought by the state’s attorney general to Texas, where it has filed for bankruptcy.

The company has been hit with lawsuits over its alleged role in several “rent-a-tribe” schemes, where a high-interest lender affiliates itself with a Native American tribe to shield itself from legal challenges. It has said in court papers that it merely does business with tribal lenders, however, and said it faced a cash crunch after...

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