An online lender owned and operated by the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a federally recognized Indian tribe (вЂњTribeвЂќ), and Ascension Technologies, LLC, the TribeвЂ™s management and consultant company successfully established that they are each arms of the Tribe and cloaked with all of the privileges and immunities of the Tribe, including sovereign immunity in a recent decision by the Fourth Circuit, Big Picture Loans, LLC. As back ground, Big Picture Loans and Ascension are two entities formed under Tribal legislation by the Tribe and both are wholly owned and operated by the Tribe. Big Picture Loans provides customer financial services products online and Ascension offers marketing and technology solutions solely to Big photo Loans.
Plaintiffs, customers that has applied for loans from Big image Loans, brought a class that is putative when you look at the Eastern District of Virginia, arguing that state law along with other various claims placed on Big Picture Loans and Ascension. Continue reading “Big Photo Loans Lands Big Profit for Tribal Lenders in Sovereign Immunity Case”