Bright Lending Hit with Fraud Suit for Charging 700% Interest Rates on Loans

Tribal Lender Faces Class Action Suit from New Jersey Consumers

A case filed in federal court in New Jersey alleges that tribal lender Bright Lending is engaged in usury and fraud by charging up to 700% for short-term loans.

Two New Jersey residents, Mary Haremza and Jacob Murray, sued Aaniiih Nakoda Finance LLC, which does business as Bright Lending and is owned by the Fort Belknap Indian Community of the Fort Belknap Reservation of…