How did WV's AG get MTE to settle??
Date: Wed, 03/24/2010 - 11:15
We all know these bottomfeeders claim to part of Native American reservations and therefore claim to be immune to state laws. Just wondering how the heck the AG of West Virginia got these IPDLs to settle? Maybe we can get advice from WV to help our own state AGs (I live in IL). This is from an WV AG website.
The latest settlements include three lenders owned by federally recognized Indian tribes who assert they are immune from suit by states under the legal doctrine of “tribal sovereign immunity.†The settlements with the tribal corporations, Miami Nation Enterprises and SFS, Inc., affiliated with the Santee Sioux Nation of Nebraska, and MTE Financial Services, affiliated with the Modoc Tribe of Oklahoma, resulted in $128,239.50 in cash refunds and cancelled debts for 946 West Virginia consumers. The companies did business under numerous trade names, including:
Miami Nation Enterprises
d/b/a Ameriloan
d/b/a Cash Advance
d/b/a US Fast Cash
d/b/a United Cash Loans
MTE Financial Services
d/b/a 1000PaydayCash.com
d/b/a 500 Fast Cash
d/b/a Nofaxingpaydayloan.com
d/b/a PaycheckToday.com
d/b/a Quickestpaydayloan.com
d/b/a Rio Resources
d/b/a Xtra Cash
SFS, Inc.
d/b/a Preferred Cash Loans.com
d/b/a One Click Cash
The latest settlements include three lenders owned by federally recognized Indian tribes who assert they are immune from suit by states under the legal doctrine of “tribal sovereign immunity.†The settlements with the tribal corporations, Miami Nation Enterprises and SFS, Inc., affiliated with the Santee Sioux Nation of Nebraska, and MTE Financial Services, affiliated with the Modoc Tribe of Oklahoma, resulted in $128,239.50 in cash refunds and cancelled debts for 946 West Virginia consumers. The companies did business under numerous trade names, including:
Miami Nation Enterprises
d/b/a Ameriloan
d/b/a Cash Advance
d/b/a US Fast Cash
d/b/a United Cash Loans
MTE Financial Services
d/b/a 1000PaydayCash.com
d/b/a 500 Fast Cash
d/b/a Nofaxingpaydayloan.com
d/b/a PaycheckToday.com
d/b/a Quickestpaydayloan.com
d/b/a Rio Resources
d/b/a Xtra Cash
SFS, Inc.
d/b/a Preferred Cash Loans.com
d/b/a One Click Cash
West Virginia is a small state and assistant AG Norman Googel se
West Virginia is a small state and assistant AG Norman Googel settles cheap with these guys as long as he gets to see his name in the paper. The owners of the companies decided it was cheaper to settle out than to bring in the heavy, hitting million-dollars-in-fees firms that they brought in to defend (unfortunately, successfully . . . at least so far) their whole Indian tribe thing in California and Colorado.
Yes but now that it's started there will be more to follow and e
Yes but now that it's started there will be more to follow and eventually (hopefully) they will not be able to win them all.