Kelly Guzzo, PLC is currently investigating a class action involving payday lenders that claim to operate under Canadian tribal lending authority in an effort to avoid U.S. state and federal lending laws.
Our investigation focuses on companies such as Strategic Solution Services, Green Funds Go (also known as Uncle Warbucks), Arrow Mountain, Green Funds Express, Rapid Arrow, River Funds, and Dash of Cash. These entities claim they are governed by the First Nations Finance Authority in Canada.
Although loan agreements and websites often state that a Canadian tribe owns and operates these lending businesses, available information suggests that non-tribal payday lenders may control key aspects of the operation, including marketing, underwriting, loan origination, funding, and collections.
Some of these loan products allegedly rely on wage assignments through Strategic Solution Services to pressure borrowers into repayment. With interest rates frequently exceeding 500%, these loans may violate state usury laws across the United States. Most states cap allowable interest rates at or below 36% annually, even when lenders claim tribal or foreign affiliation.
State usury and consumer protection laws exist to shield borrowers from predatory lending practices, regardless of whether a lender asserts that foreign or tribal law applies. Claims of Canadian tribal lending authority do not automatically exempt lenders from U.S. legal requirements.
For more than a decade, Kelly Guzzo, PLC has represented consumers harmed by illegal high-interest lending schemes, including those involving alleged misuse of tribal lending models. If you received a high-interest loan from a lender claiming Canadian tribal authority, our firm can evaluate your rights.
There is no out-of-pocket cost for these services, and we only recover if we obtain compensation on your behalf. Please contact Kelly Guzzo, PLC if you believe you were subjected to an unlawful high-interest payday loan.