By Victoria McKenzie (January 13, 2022, 5:40 PM EST) – Online lender Aaniiih Nakoda Finance LLC has been hit with a second proposed racketeering class action lawsuit in Illinois under the Racketeering Influenced and Corrupt Organizations Act which accused the company of using a federally recognized tribe as a front to avoid prosecution for its illegal predatory lending program.
Illinois resident Lauren Combs told a federal judge on Tuesday that the company, which does business as Bright Lending, illegally charged her 699.99% annual interest in violation of the 2021 law. on the Prevention of Predatory Lending from Illinois. “, she said, Bright Lending claims sovereign immunity from usury laws.
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