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Lac du Flambeau Ojibwe

Small-dollar consumer loans

Lac du Flambeau tribal lending settlement

Settlement Reached

A class action filed in 2020 against Lac du Flambeau Ojibwe officials and affiliated non-tribal lending companies alleged a similar predatory lending scheme involving consumer loans. A settlement was reached in 2024, under which the tribe was ordered to pay $2 million to victims, while the non-tribal companies were ordered to pay about $35 million and forgive about $1.5 billion in loans.

Case updates and reports

Settlement information
Last updated at

How to participate

Settlement Claim

Consumers who obtained a loan through LDF Holdings or affiliated lending entities (such as Lendgreen, Loan at Last, Sky Trail Cash) between July 24, 2016, and October 1, 2023.

Type
Settlement Claim
Claim status
No action required
Total settlement amount
$37,350,000
Instructions
No claim form is required. Payments and debt cancellation are distributed automatically to eligible class members who did not opt out.
Payout
Eligible settlement class members receive proportional cash payments based on interest and principal paid exceeding state limits, cancellation and discharge of outstanding loan debt, and credit bureau trade-line deletion.

Sources and links