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COURT ORDERS LAKOTA CASH AND TWO OTHER INTERNET PAYDAY LENDERS TO SHOW CAUSE WHY THEY SHOULD NOT BE HELD IN CONTEMPT FOR FAILING TO COMPLY

COURT ORDERS LAKOTA CASH AND TWO OTHER INTERNET PAYDAY LENDERS TO SHOW CAUSE WHY THEY SHOULD NOT BE HELD IN CONTEMPT FOR FAILING TO COMPLY WITH THE ATTORNEY GENERAL’S INVESTIGATIVE SUBPOENAS In a case that has implications nationwide, the Circuit Court of Kanawha County issued an order on October 24, 2011, holding that Payday Financial, … Read more

FTC Claims Payday Financial Abused Tribal Indian Court System to Abuse Consumers

The Federal Trade Commission expanded its case against an allegedly deceptive payday lender, charging that it sought to unfairly and deceptively manipulate the legal system and force debt-burdened consumers throughout the country to travel to South Dakota and appear before a tribal court that did not have jurisdiction over their cases. The amended complaint is … Read more