By Victoria McKenzie (January 26, 2022 at 8:44 p.m. EST) – An Illinois debtor has filed a proposed class action lawsuit against a group of tribal online lending companies for allegedly making illegal high-interest loans, leading to a trend of similar complaints contributors across the country who accuse unscrupulous lenders of using tribes as a mere front to gain immunity from prosecution.
Joshua Kalkbrenner sued West Side Lending LLC and Wolf River Development Co. Tuesday in federal court in Illinois, alleging the companies only pretend to be owned and operated by the Menominee Tribe of Wisconsin. But according to Kalkbrenner — as well as other borrowers who have sued tribal lenders in Illinois, Oklahoma, California…
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