Illinois man accuses online tribal lenders of predatory lending
Posted onAuthorCharles D. RomanoComments Off on Illinois man accuses online tribal lenders of predatory lending
By Victoria McKenzie (January 26, 2022, 8:44 PM EST) – An Illinois debtor has filed a class action proposal against a group of online tribal loan companies for allegedly issuing illegal high-interest loans , adding to a trend of similar complaints across the country that accuse unscrupulous lenders of using the tribes as a mere front to gain immunity from lawsuits.
Joshua Kalkbrenner sued West Side Lending LLC and Wolf River Development Co. in federal court in Illinois on Tuesday, claiming the companies only claimed to be owned and operated by the Menominee Tribe of Wisconsin. But according to Kalkbrenner – as well as other borrowers who have sued tribal lenders in Illinois, Oklahoma, California…
Stay one step ahead
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!
With the help of no turndown payday loan uk directlenders.xyz, people in the UK are now able to easily take payday loans without rejection. These short-term loans allow people to meet their urgent expenses and are unaffected by inflation. Inflation has become a major problem for everyone, and it is more difficult for people to […]
Princeton, NJ / 360prwire / December 19 / A few decades ago, there was no such thing as fintech. Back in the day, when you needed to get a loan or access your funds in your bank, you could walk or cycle to the bank. But today, this is not the case. And let me […]
Microfinance market participants are seeing an increase in the share of microloans issued for a long period – up to one year. But the maturities of these loans are also reduced and the loans are repaid earlier than expected. According to Forbes in the fourth quarter of 2021, the share of long term Hart Loan […]
