Home > News > Headlines

Print   Subscribe

Cheyenne River man's payday loan firm named in class action
Tuesday, July 16, 2013
Filed Under: Business | Law
More on: cheyenne river sioux, payday loans, south dakota
  Tweet  

A payday loan firm owned by a member of the Cheyenne River Sioux Tribe has been named in a class action lawsuit filed in South Dakota federal court. The lawsuit aims to represent consumers from Minnesota, Texas and Virginia who received loans from Martin “Butch” Webb and his companies. The complaint claims the plaintiffs were charged interest rates that are not legal in those states, The Sioux Falls Argus Leader reported. Webb has been targeted by several states and the Federal Trade Commission. His companies are not entities of the tribe. Turtle Talk has posted the complaint in the case, Heldt v. Payday Financial LLC. Get the Story: Another lawsuit targets payday lender (The Sioux Falls Argus Leader 7/16) Related Stories: Minnesota sues payday lender linked to Cheyenne River man (7/12)

Copyright © Indianz.Com