Share post
Share
Debt Consolidation Forums Payday Loan help forums

How did WV's AG get MTE to settle??

Date: Wed, 03/24/2010 11:15
member profile picture
Posts: 42
Credits: 0
[Donate]

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




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.

Sub: #1 posted on Wed, 03/24/2010 - 11:19

Unregistered


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.

Sub: #2 posted on Wed, 03/24/2010 - 12:13

tyleeash tyleeash

(Posts: 143 | Credits: )

Sub: #3 posted on Wed, 11/28/2018 - 05:24

Unregistered


Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
BBB (A+) logo for DebtCC
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2020 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.980 seconds.