Caddell & Chapman is investigating potential “rent-a-tribe” class action litigation. The investigation focuses on businesses that abuse their arrangements with Native American tribes to make short-term loans. These payday or installment loans have extremely high interest rates that are illegal under state and federal law.
As Caddell & Chapman is learning through its investigation, businesses across the country operate illegal online payday lending schemes by using the names of Native American tribes. Such tribes are …