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California Tribe Hit With Usury Class Suit Over Loans

Aug. 13, 2020, 11:26 PM

An online payday lending company owned by a California Native American tribe makes and collects on illegal loans around the country, carrying interest rates of more than 700% in violation of many states’ laws, a class suit filed in federal court alleges.

Kashia Services, an entity formed by the federally recognized tribe, Kashia Band of Pomo Indians of the Stewarts Point Rancheria, allegedly makes usurious loans under various names around the country, including Spring Water Financial, Oxford Financial Services, and Inbox Loan, according to the suit.

The suit, filed in the U.S. District Court for the Northern District of California, ...

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