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

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

In a recently available 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 that they’re each hands for the Tribe and cloaked with all the privileges and immunities associated with Tribe, including sovereign resistance. As history, Big Picture Loans and Ascension are two entities formed under Tribal legislation by the Tribe and both are wholly operated and owned because of the Tribe. Big Picture Loans provides customer financial services products online and Ascension provides marketing and technology solutions solely to picture that is big.

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