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

An online lender 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 successfully established that they are each arms of the Tribe and cloaked with all of the privileges and immunities of the Tribe, including sovereign immunity in a recent decision by the Fourth Circuit, Big Picture Loans, LLC. As back ground, Big Picture Loans and Ascension are two entities formed under Tribal legislation by the Tribe and both are wholly owned and operated because of the Tribe. Big Picture Loans provides consumer financial services products online and Ascension provides marketing and technology solutions solely to Big image Loans.

Continue reading “Big Image Loans Lands Big Profit for Tribal Lenders in Sovereign Immunity Case”