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Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

Usury

A federal class action accuses Ascension Technologies-owned Big Picture Loans LLC of falsely claiming that the payday lending operation is owned and operated by a Native American “rent-a-tribe,” and immune to state usury laws.

SAN FRANCISCO — A federal class action accuses Ascension Technologies-owned Big Picture Loans LLC of falsely claiming that the payday lending operation is owned and operated by a Native American “rent-a-tribe,” and immune to state usury laws.

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