Big Image Loans Lands Big Profit for Tribal Lenders in Sovereign Immunity Case

Big Image Loans Lands Big Profit for Tribal Lenders in Sovereign Immunity Case

In a current choice because of the Fourth Circuit, Big Picture Loans, LLC, an on-line loan provider owned and operated by the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a federally recognized Indian tribe (“Tribe”), and Ascension Technologies, LLC, the Tribe’s management and consultant company effectively established they are each hands associated with Tribe and cloaked with all the privileges and immunities for the Tribe, including sovereign resistance. As history, Big Picture Loans and Ascension are two entities formed under Tribal legislation because of the Tribe and both are wholly owned and operated because of the Tribe. Big Picture Loans provides customer financial services products online and Ascension provides marketing and technology services solely to Big photo Loans.

Plaintiffs, customers that has applied for loans from Big photo Loans, brought a putative course action within the Eastern District of Virginia, arguing that state law along with other various claims placed on Big Picture Loans and Ascension.Continue reading