Illinois Consumer Files Suit Over Payday Lending “Rent-A-Tribe” Scheme

Law360 reports that a Chicago resident is seeking to strike back at alleged predatory lenders who used a Wisconsin tribe to skirt Illinois’ 36% rate cap on loans.

In a complaint filed Thursday in Illinois federal court, Tyanna Qualls took aim at a ring of LLCs — including LDF Holdings, Anong LLC and Availblue — purportedly owned by a Wisconsin tribe called the Lac du Flambeau Band of Lake Superior Chippewa Indians…

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Andy Spears

Andy Spears

1.1K Followers

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .