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Reason CashCall transferred to Delbert

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And this would be the reason why everyone's accounts got transferred to Delbert -- CashCall and Western Sky were number 1 on the list of lenders. The banks have to cut them off or face scrutiny.

Interesting - from American Banker website (re Western Sky):

In a statement given at the time, Western Sky said, "we have complied with applicable laws in our business practices, and we stand behind those practices."

The lender went on to say that its practices "are governed by the laws of the Cheyenne River Sioux Tribe" and "beyond the purview of state regulation."

However, the Native American Financial Services Association, a group that advocates for tribes that offer lending services, says that Western Sky does not operate under tribal law, nor does it abide by Native American regulatory bodies.

"NAFSA sets the bar high for our members. Our member tribes follow all applicable tribal and federal laws and agree to abide by a strict set of industry-leading best practices to ensure that consumers can trust NAFSA members to honor their rights, protect their privacy, treat them fairly, and constantly strive to offer innovative financial products," said Barry Brandon, NAFSA's executive director, in a press release. "Western Sky Loans does not abide by these consumer-friendly practices, is not an enterprise wholly owned by a federally recognized tribe, is not regulated by a tribal regulatory lending authority, does not operate according to tribal law, and breaks the covenants meant to benefit tribal governments and their members."

Sub: #1 posted on Wed, 08/28/2013 - 02:39

keltin keltin

(Posts: 50 | Credits: 7.19)

while i know one tribal lender that adheres to that.none do as they have scuzz as affiliated with their tribes as me.the list i have and there are alot more.

1)american web loan


3)lakota cash

4)plain green


6)moblie loans


8)500fast cash

and those are just the ones i know offhand.the NAFSA is full of it!!!!!!!!!!!

Sub: #2 posted on Wed, 08/28/2013 - 03:31

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15511 | Credits: 1357.03)

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