Business | Law

Chippewa Cree Tribe hit with class action over online lending






The tribal-issued license for First Green Loans. Image from Chippewa Cree Tribe

The Chippewa Cree Tribe of Montana is being sued by two consumers of its online loan business.

Plain Green Loans is accused of predatory lending practices in the lawsuit filed in federal court in Vermont. The plaintiffs are seeking class action status in hopes of representing other consumers of the business.

The tribe started Plain Green with out-of-state partners. A separate lawsuit accuses those partners of bilking the tribe out of $13 million.

A former executive has said the tribe only receives 4.5 percent of revenues from the business.

Get the Story:
Tribally owned lender sued for predatory loan practices (The Great Falls Tribune 5/15)
2 Vermont women sue over tribe's online lending practices (AP 5/15)

Related Stories:
Chippewa Cree Tribe only receives 4.5 percent of loan revenues (9/10)
Chippewa Cree Tribe was awarded $1.1M over payday loan deal (9/9)
Chippewa Cree Tribe sues online loan business partners for $13M (9/5)

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