Lendumo Reviews (%countItem)
View Photos
Lendumo Rating
Address: PO Box 231, Lac du Flambeau, Wisconsin, United States, 54538
Phone: |
Show more...
|
Web: |
|
E-mails: |
Sign in to see
|
Add contact information for Lendumo
Add new contacts
ADVERTISEMENT
I was not made aware of the interest and I have made three payments of almost $400 and my balance has not gone down! This loan was for $1,300 I have paid most of it off and principle shows no change.
This responds to the above-referenced complaint. This inquiry related to a loan from Niswi LLCdba Amplify Funding (the “Company”), which is owned by the Lac du Flambeau Band of Lake SuperiorChippewa Indians (“Tribe”). The Company takes these types of inquiries very seriously and would like toprovide you with the below information. Nothing in this communication should be construed as a waiverof the Tribe’s or the Company’s sovereign immunity, all of which are expressly preserved.The Company is a wholly-owned and operated subsidiary of LDF Holdings, LLC (“LDF Holdings”).LDF Holdings is a wholly-owned and operated subsidiary of the L.D.F. Business Development Corporation,which is a wholly-owned and operated economic arm and instrumentality of the Tribe. The Tribe is afederally recognized Indian tribe, organized under a Constitution pursuant to the Indian ReorganizationAct of 1934, 48 Stat. 984, 25 U.S.C. §§ 476, et seq., as amended, and is identified on the United StatesDepartment of Interior’s list of federally acknowledged Indian Tribes. 83 FR 34863-01 (July 23, 2018). TheCompany is an arm of the Tribe. As an arm of the Tribe, the Company possesses all of the privileges andimmunities of the Tribe. The Tribe and the Company are entitled to tribal sovereign immunity and theyare not subject to state law. Wells Fargo Bank, N.A. v. Lake of the Torches Econ. Dev. Corp., 677 F. Supp.2d 1056, 1061 (W.D. Wis. 2010) (holding that entities acting as arms of a tribe are entitled to tribalsovereign immunity).
The complaint took issue with the cost of the loan. The Company issues loans in accordance withthe Tribe’s Tribal Consumer Financial Services Regulatory Code and it is licensed under Tribal law. Thecustomer’s loan agreement provided that it would be governed by the laws of the Tribe, without regardto the laws of any state. The interest and fees applicable to the loan are permitted by Tribal law. Theywere accurately and clearly reflected in the loan agreement that the customer signed before receiving theloan. The customer also received a TILA disclosure that outlined the amount and date of each paymentrequired under the loan agreement.
The customer asked for the loan to be considered paid in full. The Company will not be closingthe account. However, as a courtesy, even though not obligated to do so, the Company would like to offerthe customer a discount. If the customer pays the sum of $108.20, the Company will consider the accountDocuSign Envelope ID: 52A5052B-EE67-4FB9-9366-9AB245F60BE9Niswi, LLC dba Amplify FundingPo Box 542Lac du Flambeau, WI 54538LDF HoldingsPo Box 231Lac du Flambeau, WI 54538
paid in full and waive all outstanding interest. The customer can either (1) call the Company at 1-844-388-0500 to set up a payment or (2) mail a cashier’s check or money order for the sum of $108.20 to the Company’s address below:
Niswi LLCPO Box 542Lac du Flambeau, WI 54538
We would be happy to discuss these issues further, but, again, please be advised that nothing inthis communication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity,all of which are expressly preserved. Please direct any future communications through our legal counsel:Shilee Mullin at Spencer Fane LLP, 13520 California Street, Suite 290, Omaha, NE 68154, 402-965-8600,[email protected].
The Company trusts that the complainant will find this letter of explanation satisfactory. However,if the complainant is not satisfied with the Company’s resolution of this matter, pursuant to Section 10 ofthe Tribal Consumer Financial Services Regulatory Ordinance, which can be found athttps://www.ldftribe.com/uploads/files/Court-Ordinances/CHAP94-Tribal-Consumer-Financial-Services-Regulatory-Ordinance.pdf, she may pursue formal dispute resolution with the Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, she must send a written request to the Authority at P.O. Box 25, Lac du Flambeau, Wisconsin 54538. The request must contain the information requiredby Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance.
[A default letter is provided here which indicates your acceptance of the business's response. If you wish, you may update it before sending it.]
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and find that this resolution is satisfactory to me.
Regards
To begin. This lender is run by an Native American group operating off there tribal lands in Wisconsin. If I had know this I would not have taken the loan. On 12/31/2018 I borrowed $650.00. It was to be a short term loan to get through the expenses that popped up in December. I was shocked when my first payment came out of my bank: $223.75. I had checked before I took out the loan and was told there would be no penalty for paying off early. When I called in Feb. I was told I would have to pay over $1000 to pay off the loan. I was sick! I asked how can it possible be so expensive and they told me it was because they compound their interest daily. I have looked everywhere to see what amount of principle and what amount of interest is in each payment. This information is not available or at least I could not find it. In my experience if you borrow say, $650 and make 2 payments and then if you want to pay off early, what you owe is only the balance of the principle owed. Not with this group. I have called and sent emails with no response. Today I chatted online. I was told that if I pay off on the 15th of May, I would have to pay $749.75!!!! How is it possible that after 4 monthly payments of $223.75 (t total of $895.00) I owe MORE than the original loan amount of $650.???? When I complained and said none of this was made clear in the loan agreement their response was they are not held to the laws of United States, they are a sovereign nation and only have to obey the laws of what ever tribe this is! Even tho I do not live in their sovereign nation I am allegedly subject to their rules. To date, I have borrowed $650 and paid them $895 back. If I just made the monthly payments I as they now tell me I have to, I would be paying $2,685 for $650. If this isn't Usury I don't know what is, but of course, the Fond du Lac Tribe does not have to follow any rules but their own. DO NOT UNDER ANY CIRCUMSTANCES DO BUSINESS WITH THIS GROUP. They are located within the state of Wisconsin, but the state of Wisconsin will not allow them to operate with citizens of Wisconsin. I wish I knew this before hand.
Although not required to do so, as a courtesy, the Company has closed the subject account. The Company will consider the account as paid in full.
Please see attached
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and find that this resolution is satisfactory to me.
Regards
I secured a short term loan from this company on 02/26/2019
The amount was a 1200.00 loan. I was told if paid off early that I would not pay the outrageous over 700 percent interest fee. My father had a heart attack and I had to secure a plane ticket immediately to get to him. I paid 4 payments of 342.68 on 3/8, 3/22, 4/15 and 4/19 2019 which equals 1370.72. I told them I needed to pay this off in full and they have deducted another 1374.87 from my bank account. I questioned why as this makes a total of 2745.59 total for a loan of 1200.00 that I am paying off in a little over 60 days and I asked why I was being charged a interest total of 1545.79 when I paid the loan back 4 months ahead of time. I was informed I must pay this amount to.payit off as I did. I recently spoke with an attorney and my understanding is this predatory lending is illegal in ohio which is where I reside. I am requesting that this company be stopped taking advantage of people who are in trouble and had no where else to turn. I need this money for my fathers medical care. I am asking that a fair interest be charged and my money be returned immediately.
This responds to the above-referenced complaint. This inquiry related to a loan from Niswi LLCdba Amplify Funding (the “Company”), which is owned by the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”). The Company takes these types of inquiries very seriously and would like to provide you with the below information. However, nothing in this communication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity, all of which are expressly preserved.The Company is a wholly-owned and operated subsidiary of LDF Holdings, LLC (“LDF Holdings”). LDF Holdings is a wholly-owned and operated subsidiary of the L.D.F. Business Development Corporation,which is a wholly-owned and operated economic arm and instrumentality of the Tribe. The Tribe is a federally recognized Indian tribe, organized under a Constitution pursuant to the Indian Reorganization Act of 1934, 48 Stat. 984, 25 U.S.C. §§ 476, et seq., as amended, and is identified on the United States Department of Interior’s list of federally acknowledged Indian Tribes. 83 FR 34863-01 (July 23, 2018). The Company is an arm of the Tribe. As an arm of the Tribe, the Company possesses all of the privileges and immunities of the Tribe. The Tribe and the Company are entitled to tribal sovereign immunity and they are not subject to state law. Wells Fargo Bank, N.A. v. Lake of the Torches Econ. Dev. Corp., 677 F. Supp. 2d 1056, 1061 (W.D. Wis. 2010) (holding that entities acting as arms of a tribe are entitled to tribal sovereign immunity).The complaint took issue with the cost of the loan. The Company issues loans in accordance with the Tribe’s Tribal Consumer Financial Services Regulatory Code and it is licensed under Tribal law. The customer’s loan agreement provided that it would be governed by the laws of the Tribe, without regard to the laws of any state. The interest and fees applicable to the loan are permitted by Tribal law. They were accurately and clearly reflected in the loan agreement that the customer signed before receiving the loan. The customer also received the TILA Disclosure, listing the payment amounts and payment dates. As such, the Company will not be issuing a refund. The customer’s account is now closed.
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and have determined that this does not resolve my complaint.
Regards
They continue to withdraw funds despite being sent a revocation of ACH authorization.
Unclear soecifically who you are dealing with.
I needed an emergency loan and Amplify funding approved me and I was given $500 dollars. I called them yesterday and asked how much I still owed they said my total payments were for 12 months. The monthly amount I am paying is $172.12 per month. This shocked me. I am on SSI and the interest rate is over 516%. I was not informed of this when I accepted the loan. They said since they are an Indian company there is nothing that can be done. Our Government needs to do something about this. My husband was in the military for 22 years. He passed away in2007. Please have this company shut down I feel sorry for all the people they are taking advantage of. Something must be done. California where I live does not allow over 28% interst on loans.
Please see attached letter.
This letter is in regards to your loan with Niswi, LLC dba Amplify Funding (“Company”), a Tribal consumer financial services provider that is wholly owned, operated, licensed and regulated by the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”). Specifically, you state you were not informed of the interest rate and this is not allowed in the state of California.Therefore, I would like to take this opportunity to inform you that the laws of the State of California, including licensure and usury laws, are inapplicable to the Company and its operations and that your loan is legally enforceable. The Company is a 100% Tribally-owned and operated entity, registered and located on the Tribe’s reservation in Lac du Flambeau, Wisconsin (“Reservation”). The Tribe is a federally-recognized sovereign American Indian tribe. 1 The Company is responsibly and lawfully engaged in consumer finance operating within the Tribe’s Reservation and jurisdictional boundaries. The Company was established and operates in accordance with Tribal law for the economic benefit and self-sufficiency of the Tribe, its government, and its membership. 2As a sovereign nation, the Tribe has enacted laws allowing for and regulating consumer finance transactions in which the Company engages, and, therefore, is not subject to the laws of the State of California. 3 Indeed, there is a long-standing federal policy and precedent recognizing the inherent sovereignty of American Indian tribes. 4 “Indian tribes are ‘domestic dependent nations’ that exercise inherent sovereign authority over their members and territories.” 5 In exercising the Tribe’s sovereignty – that is, the power to establish laws and be governed by them – the Tribe endeavored to enact the Tribal Consumer Financial Services Regulatory Ordinance (the “Ordinance”), which expressly governs theTribe’s and the Company’s consumer finance activities. Additionally, the Company voluntarily complies with all applicable federal consumer protection laws to ensure that it amply protects its customers and operates within the legal boundaries established by the United States to protect free industry as well as the American public. The Company strives to engage only in industry best practices and is overseen bythe Tribal Consumer Financial Services Regulatory Authority (the “Authority”), established pursuant to Tribal law that is specifically tasked with regulating the Company’s consumer finance activities, its relationships with its vendors, and tis fair and equitable treatment of its customers.Again, I assure you that the Company is regulated under, and in compliance with the Ordinance,and all relevant and applicable federal laws and regulations. As part of this regulation, the Companyensures that when applying for and receiving a loan, you were provided extensive notice regarding thefact that the Company is owned and operated by a federally-recognized Indian tribe and that you agreedto be bound by Tribal law. To be sure, you affirmatively consented to rights afforded under theOrdinance, including its consumer dispute resolution procedure. Furthermore, the Company can attestthat in offering its consumer finance products, the Company does not engage in excessive or abusivecollection practices with respect to our customers.With regard to your loan, while not obligated to do so, we are willing to waive all fees andinterest and settle your account for the outstanding principal balance of ***
***
***
***The Company trusts that you find this letter of explanation satisfactory. However, if you are notsatisfied with the Company’s resolution of this matter, pursuant to Section 10 of the Tribal ConsumerFinancial Services Regulatory Ordinance found at https://www.ldftribe.com/uploads/files/Court-Ordinances/CHAP94-Tribal-Consumer-Financial-Services-Reulatory-Ordinance.pdf , you may pursueformal dispute resolution with the Authority in writing to the ***
***Please be advised that this letter and the explanation provided is not a waiver of the sovereignrights and privileges of the Tribe or the Company, all of which are expressly reserved.
I originally applied for a $1000 loan and was told if the loan is paid off early, the amount paid would be towards the principal verse waiting and paying off the loan in 1 year. When I called to pay off the loan early, I was told I could not pay off the loan due to having a makeup payment. I was told the earliest pay off date would be 6/26/19 and in the amount of $1244.37. I would be paying an additional $1780.00 until the date of 6/26/19. When I asked what was paid on the principal, I was told $151.12, but to pay off my loan now, they wanted $1444.25. I have already paid $1822.20, This is fraudulent business practices and I am going to report them to the Consumer Financial Protection Bureau. I have paid over $1822.20 and consider this loan paid in full due to their fraudulent practices and California pay loan practices.
Please see attached letter.
We have reviewed our records and we are able to resolve this complaint by offering a settlement and closing your account. Company records indicate you applied for a $1,000.00 loan with the Company on 9/26/2018. On that same day you electronically signed the loan agreement and the Company accepted your application and originated the loan to your account in the amount of $1,000.00. By electronically signing the agreement, you agreed to abide by those terms.As of today’s date your current balance is $0.00.
I took a small loan thru this company. I never got a hard copy of the contract. I was never informed that I would be paying 700%. I have been paying 241.00$ payment
Thinking that the loan was just about paid if not already paid. I was just notified that I will still be paying for almost another year. This is outrageous. I cant afford that. I will either end up homeless or lose my vehicle. I'm native, puyallup tribe of indians. Cant believe that a native would disguise a loan as help when really it is there only to bankrupt a person. This tribe is ruining my life. My tribe doesnt do this trickery. Forcing people to go without basic necessities. Help.
Please see the attached for additional information.
The complainant claims she was not informed of the interest rate. The Company disputes this claim. The interest and fees were accurately and clearly reflected in the loan agreement that the customer signed before receiving the loan. The customer also received the TILA Disclosure, listing the payment amounts and payment dates. The Company issues loans in accordance with the Tribe’s Tribal Consumer Financial Services Regulatory Code and it is licensed under Tribal law. The customer’s loan agreement provided that it would be governed by the laws of the Tribe, without regard to the laws of any state. The interest and fees applicable to the loan are permitted by Tribal law.Although not required to do so, as a courtesy, the Company would like to offer a discount to the customer. If the customer pays the sum of $650.50, the Company will close the account and waive the outstanding balance. The customer can either (1) call the Company at 1-844-388-0500 to set up a DocuSign Envelope ID: CECA6D32-A4D2-46B1-
October 29, 2018, I reluctantly borrowed $950 to cover an unexpected medical emergency. To date, I have paid more than $2,500 to included interest and related fees. On March 27, 2019, I contacted Amplify Funding in hopes to resolve this matter amicably.
This responds to the above-referenced complaint. This inquiry related to a loan from Niswi LLCdba Amplify Funding (the “Company”), which is owned by the Lac du Flambeau Band of Lake SuperiorChippewa Indians (“Tribe”). The Company takes these types of inquiries very seriously. Nothing in thiscommunication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity, allof which are expressly preserved.The Company is a wholly-owned and operated subsidiary of LDF Holdings, LLC (“LDF Holdings”).LDF Holdings is a wholly-owned and operated subsidiary of the L.D.F. Business Development Corporation,which is a wholly-owned and operated economic arm and instrumentality of the Tribe. The Tribe is afederally recognized Indian tribe, organized under a Constitution pursuant to the Indian ReorganizationAct of 1934, 48 Stat. 984, 25 U.S.C. §§ 476, et seq., as amended, and is identified on the United StatesDepartment of Interior’s list of federally acknowledged Indian Tribes. 83 FR 34863-01 (July 23, 2018). TheCompany is an arm of the Tribe. As an arm of the Tribe, the Company possesses all of the privileges andimmunities of the Tribe. The Tribe and the Company are entitled to tribal sovereign immunity and theyare not subject to state law. *** v. Lake of the Torches Econ. Dev. Corp., 677 F. Supp.2d 1056, 1061 (W.D. Wis. 2010) (holding that entities acting as arms of a tribe are entitled to tribalsovereign immunity).The complaint took issue with the cost of the loan. The Company issues loans in accordance withthe Tribe’s Tribal Consumer Financial Services Regulatory Code and it is licensed under Tribal law. Thecustomer’s loan agreement provided that it would be governed by the laws of the Tribe, without regardto the laws of any state. The interest and fees applicable to the loan are permitted by Tribal law. Theywere accurately and clearly reflected in the loan agreement that the customer signed before receiving theloan. As such, the Company will not be issuing a refund. However, although not required to do so, as acourtesy, the Company has closed the subject account. The Company will consider the account as paidin full.
I have reviewed the response made by the business in reference to complaint ID and have determined that this does not resolve my complaint. For your reference, details of the offer I reviewed appear below.
In an effort to amicably resolve the remaining $509.79 balance on loan *** I am requesting a one-time courtesy of Amplify Funding to waive the remaining balance and all interest and fees and to determine my account paid in full as Wednesday, March 27, 2019. My payment history will show that I have more than paid back the $950 initially borrowed. Thank you in advance for your timely consideration of the aforementioned request.
I had done business with this company for years. The last time I did a loan with them I decided to cancel the loan. They told me I would be unable to do business with them in the future. I told them I understand that. Yet this business continually calls me and emails me b e g g I n g me to take out a new loan with them. When I call the business on the phone, they tell me that I am no longer allowed to do business with them, but they have no way of stopping the continuing phone calls and emails I received from them telling me they want my business again. Then they get rude and hang up on me. They are harassing me
Please see the attached for additional information.
I was approved of a loan and made arrangements for auto payment every 2 weeks. I wanted to check with them when will be my final payment since the agreement changed during the government shut down. I have been trying to contact them for the last four days and I have not received any response from them. When I called them, I am told by an automated system to hold or to leave a message. I have done both but have not gotten a response from them. So I have put a stop on my loan payment that is automatically taken out of my account every 2 weeks. Of course, I had to pay a fee for doing that. This is the number I called: 1877 558 1999 . This will affect my credit report.
This inquiry related to a loan from Niswi LLC dba Amplify Funding (the “Company”), which is owned by the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”).1 The Company takes these types of inquiries very seriously.The customer filed her complaint on March 14, 2019, and stated that she was having difficulty getting in touch with the Company. The Company called the customer on March 19, and left a voicemail for her. Although not required to do so, as a courtesy, the Company has closed the subject account. The Company will consider the account paid in full.The Company trusts that the customer will find this response satisfactory. However, if she is not satisfied with the Company’s resolution of this matter, pursuant to Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance, which can be found at https://www.ldftribe.com/uploads/files/Court-Ordinances/CHAP94-Tribal-Consumer-Financial-Services- Reulatory-Ordinance.pdf, she may pursue formal dispute resolution with the Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, she must send a written request to the Authority at P.O. Box 25, Lac du Flambeau, Wisconsin 54538. The request must contain the information required by Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance.
RIP off was not told interest rare734% was not told it was from Indian reservation. I am 50% Cherokee and disabled 63 years old and very ashamed of this rip off was told I could not return the 700 with out paying another 1000.00 k I will just take a hit on my credit score what a scam/ripoff
The interest rates are outrageous and the terms were not clear to me. I took out a loan of $500 and the interest rate is over 700%. I was in a tight spot with husband passing and needed the money ASAP. I have paid back well over the original loan amount and with this interest rate I’m drowning.
Please see attached for additional information.
I received a loan from this company in December for $800 I have so far paid back $1370.76 back to them. It states that I still owe another $1370.76!!!! I called today 3/7/19 and the representative told me to "just don't make the next payment and they will resolve it that way" !!!!!!!!!! What the heck does that mean???? So I just don't pay and they default me. I asked if I could get a reduction due to making all the payments, on time. and this was her answer. Then she said I had to call back in a few days to speak to a manager, I asked to speak to one today, but she said that wasn't possible!! I was told I could pay $657.90 in a couple days and it would be paid in full! Well that would mean I am paying $2028.66 on a $800 loan?? That is just crazy. I tried taking care of this as a responsible adult and this is the response I received? "just don't pay it"
This company is horrible! Do not use them. They will charge you interest fees unlike any other, and when you request to pay off your account, they will make a "mistake" and send your account to collections.
I'm still in shock so I almost don't know where to start. I am on loan two of two with this organization. When obtaining my first loan I was promised that if I paid off the first loan and get a second loan, that my interest rate would be cut in half when ready to pay out. When I called to obtain my second loan I was promised the same thing after explaining what the first loan officer told me. I called yesterday to inquire about my payoff amount and I am in SHOCK. I feel lied to by this organization and I'm trying to PAY OFF the loan. The SECOND loan at that but as a consumer I don't feel its right to be promised one thing then hoodwinked, and bamboozled. Yeah I get the interest rate is higher BUT NOT THIS HIGH. This is not what I was promised.
This inquiry related to a loan from Niswi LLC dba Amplify Funding (the “Company”), which is owned by the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”). The Company takes these types of inquiries very seriously. Nothing in this communication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity, all of which are expressly preserved.The complainant’s response disputes the amount of debt owed. Customer had made 2 payments for a total of $574.02. The Company offered to settle the account for $1,000. If the customer repays the remaining balance of $425.98, the Company will close the account and waive all interest. The customer can either (1) call the Company at *** to set up a payment plan or (2) mail a cashier’s check or money order for the sum of $425.98 to the Company’s address below:***The Company trusts that the complainant will find this response satisfactory. However, if she is not satisfied with the Company’s resolution of this matter, pursuant to Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance, which can be found at ***, she may pursue formal dispute resolution with the Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, she must send a written request to the Authority at ***. The request must contain the information required by Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance.
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and find that this resolution is satisfactory to me.
Regards
I am a victim of a predator loan from Amplified funding
This responds to the above-referenced complaint. This inquiry related to a loan from ***LLCdba Amplify Funding (the “Company”), which is owned by the ***. The Company takes these types of inquiries very seriously. Nothing in thiscommunication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity, allof which are expressly preserved.The Company is a wholly-owned and operated subsidiary of *** is a wholly-owned and operated subsidiary of the ***.which is a wholly-owned and operated economic arm and instrumentality of the Tribe. The Tribe is afederally recognized Indian tribe, organized under a Constitution pursuant to the Indian ReorganizationAct of 1934, 48 Stat. 984, 25 U.S.C. §§ 476, et seq., as amended, and is identified on the United StatesDepartment of Interior’s list of federally acknowledged Indian Tribes. 83 FR 34863-01 (July 23, 2018). TheCompany is an arm of the Tribe. As an arm of the Tribe, the Company possesses all of the privileges andimmunities of the Tribe. The Tribe and the Company are entitled to tribal sovereign immunity and theyare not subject to state law. *** Dev. Corp., 677 F. Supp.2d 1056, 1061 (W.D. Wis. 2010) (holding that entities acting as arms of a tribe are entitled to tribalsovereign immunity).The complaint took issue with the cost of the loan. The Company issues loans in accordance withthe Tribe’s *** and it is licensed under Tribal law. Thecustomer’s loan agreement provided that it would be governed by the laws of the Tribe, without regardto the laws of any state. The interest and fees applicable to the loan are permitted by Tribal law. Theywere accurately and clearly reflected in the loan agreement that the customer signed before receiving theloan. As such, the Company will not be issuing a refund. However, although not required to do so, as acourtesy, the Company has closed the subject account. The Company will consider the account as paidin full.
I took a loan with this company for 600 in which I called to payoff. They did not answer phones. Left you on hold for long period of time with no answer. I emailed them with no reply from company. I called the number to the Native American group that runs amplify funding. I spoke with a man named ***.Told them 5 days before due date that I wanted to pay off Loan but that his company did not answer . He said he would email them and it would be taken care of. 5 days later they charged same fee with no pay off. They do not allow you to pay off so that they can charge you over and over the same fees.
This responds to the above-referenced complaint. This inquiry related to a loan from Niswi LLC dba Amplify Funding (the “Company”), which is owned by the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”).1 The complainant wanted to schedule a payoff of her loan without any additional fees. As a courtesy, the Company would like to offer a discount to the customer. If the customer pays the current outstanding principal balance ($593.62), the Company will close the account, consider it paid in full, and waive all outstanding interest and fees. The customer can either (1) call the Company at *** to schedule a debit card payment or (2) mail a cashier’s check or money order for the sum of $593.62 to the Company’s address below:***We would be happy to discuss these issues further, but, again, please be advised that nothing in this communication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity, all of which are expressly preserved. Please direct any future communications through our legal counsel: *** at ***
The Company trusts that the complainant will find this response satisfactory. However, if she is not satisfied with the Company’s resolution of this matter, pursuant to Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance, which can be found at ***, she may pursue formal dispute resolution with the Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, she must send a written request to the ***. The request must contain the information required by Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance.
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and have determined that this does not resolve my complaint. For your reference, details of the offer I reviewed appear below.I do not accept this response to resolve it because your company did not address the additional finance charges you have charged by not allowing me to pay off loan! When these additional fees have been rightfully subtracted from the loan balance than I will accept the resolution Regards
I borrowed $650 from this place end of November. They have taken three automatic withdrawal payments so far of $224 each. I wanted to pay it off next week and was told I would owe $840! I was thinking more along the lines of even $470 but more (a lot more) then I borrowed is outrageous. I'm forced to keep paying the monthly amount for next 8 months.....or change my bank account and go to court! I've had a payday loan before and never been loan sharked like this. Would of never taken the loan if this was clearly stated by representative and in documents! I'm willing to pay a reasonable amount back. But this is unacceptable!
This responds to the above-referenced complaint. This inquiry related to a loan from Niswi LLC dba Amplify Funding (the “Company”), which is owned by the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”). The Company takes these types of inquiries very seriously. Nothing in this communication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity, all of which are expressly preserved.The Company is a wholly-owned and operated subsidiary of LDF Holdings, LLC (“LDF Holdings”). LDF Holdings is a wholly-owned and operated subsidiary of the L.D.F. Business Development Corporation, which is a wholly-owned and operated economic arm and instrumentality of the Tribe. The Tribe is a federally recognized Indian tribe, organized under a Constitution pursuant to the Indian Reorganization Act of 1934, 48 Stat. 984, 25 U.S.C. §§ 476, et seq., as amended, and is identified on the United States Department of Interior’s list of federally acknowledged Indian Tribes. 83 FR 34863-01 (July 23, 2018). The Company is an arm of the Tribe. As an arm of the Tribe, the Company possesses all of the privileges and immunities of the Tribe. The Tribe and the Company are entitled to tribal sovereign immunity and they are not subject to state law. Wells Fargo Bank, N.A. v. Lake of the Torches Econ. Dev. Corp., 677 F. Supp. 2d 1056, 1061 (W.D. Wis. 2010) (holding that entities acting as arms of a tribe are entitled to tribal sovereign immunity).The complaint took issue with the cost of the loan. The Company issues loans in accordance with the Tribe’s Tribal Consumer Financial Services Regulatory Code and it is licensed under Tribal law. The customer’s loan agreement provided that it would be governed by the laws of the Tribe, without regard to the laws of any state. The interest and fees applicable to the loan are permitted by Tribal law. They were accurately and clearly reflected in the loan agreement that the customer signed before receiving the loan. The customer also received the TILA Disclosure, listing the payment amounts and payment dates. The customer questioned how her loan balance could be more than the amount she borrowed. Her loan balance increased due to the accrual of interest, as outlined in her loan agreement.Although not required to do so, as a courtesy, the Company would like to offer a discount to the customer. If the customer pays $624.26, the Company will close the account and waive all outstanding interest. The customer can either (1) call the Company at 1-844-388-0500 to set up a payment plan or(2) mail a cashier’s check or money order for the sum of $624.26 to the Company’s address below:Niswi LLC PO Box 542Lac du Flambeau, WI 54538We would be happy to discuss these issues further, but, again, please be advised that nothing in this communication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity, all of which are expressly preserved. Please direct any future communications through our legal counsel: *** at Spencer Fane LLP, 13520 California Street, Suite 290, Omaha, NE 68154, 402-965-8600, ***.The Company trusts that the complainant will find this response satisfactory. However, if she is not satisfied with the Company’s resolution of this matter, pursuant to Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance, which can be found at https://www.ldftribe.com/uploads/files/Court-Ordinances/CHAP94-Tribal-Consumer-Financial-Services- Reulatory-Ordinance.pdf, she may pursue formal dispute resolution with the Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, she must send a written request to the Authority at P.O. Box 25, Lac du Flambeau, Wisconsin 54538. The request must contain the information required by Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance.
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and have determined that this does not resolve my complaint. For your reference, details of the offer I reviewed appear below.I have already paid over $800 on a $650 loan that is enough. I am not paying another $624!
Regards
I had a payday loan of 500 from amplify. The amount taken bi monthly is $148. I have made 5 payments with 7 more payments to go . I have already paid over $700 for a $500 loan. When I requested what the pay off amount would be, thinking it should be less than $500, -as I could not locate detailed statement online- I was informed the past off amount is still over $700. That would make my loan of $500, over $1400. As I have clearly paid the $500 already, I would like the remainder of this loan closed and called and paid in full.
This responds to the above-referenced complaint. This inquiry related to a loan from Niswi LLC dba Amplify Funding (the “Company”), which is owned by the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”). The Company takes these types of inquiries very seriously. Nothing in this communication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity, all of which are expressly preserved.The Company is a wholly-owned and operated subsidiary of LDF Holdings, LLC (“LDF Holdings”). LDF Holdings is a wholly-owned and operated subsidiary of the L.D.F. Business Development Corporation, which is a wholly-owned and operated economic arm and instrumentality of the Tribe. The Tribe is a federally recognized Indian tribe, organized under a Constitution pursuant to the Indian Reorganization Act of 1934, 48 Stat. 984, 25 U.S.C. §§ 476, et seq., as amended, and is identified on the United States Department of Interior’s list of federally acknowledged Indian Tribes. 83 FR 34863-01 (July 23, 2018). The Company is an arm of the Tribe. As an arm of the Tribe, the Company possesses all of the privileges and immunities of the Tribe. The Tribe and the Company are entitled to tribal sovereign immunity and they are not subject to state law. Wells Fargo Bank, N.A. v. Lake of the Torches Econ. Dev. Corp., 677 F. Supp. 2d 1056, 1061 (W.D. Wis. 2010) (holding that entities acting as arms of a tribe are entitled to tribal sovereign immunity).The complaint took issue with the cost of the loan. The Company issues loans in accordance with the Tribe’s Tribal Consumer Financial Services Regulatory Code and it is licensed under Tribal law. The customer’s loan agreement provided that it would be governed by the laws of the Tribe, without regard to the laws of any state. The interest and fees applicable to the loan are permitted by Tribal law. They were accurately and clearly reflected in the loan agreement that the customer signed before receiving the loan. The customer also received the TILA Disclosure, listing the payment amounts and payment dates.The customer questioned how her loan balance could be more than $500. Her outstanding loan balance is greater than $500 due to the accrual of interest, as outlined in her loan agreement.Although not required to do so, as a courtesy, the Company would like to offer a discount to the customer. If the customer pays $466.80, the Company will close the account and waive all outstanding interest. The customer can either (1) call the Company at 1-844-388-0500 to set up a payment plan or(2) mail a cashier’s check or money order for the sum of $466.80 to the Company’s address below:Niswi LLC PO Box 542Lac du Flambeau, WI 54538We would be happy to discuss these issues further, but, again, please be advised that nothing in this communication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity, all of which are expressly preserved. Please direct any future communications through our legal counsel: *** at ***The Company trusts that the complainant will find this response satisfactory. However, if she is not satisfied with the Company’s resolution of this matter, pursuant to Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance, which can be found at https://www.ldftribe.com/uploads/files/Court-Ordinances/CHAP94-Tribal-Consumer-Financial-Services- Reulatory-Ordinance.pdf, she may pursue formal dispute resolution with the Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, she must send a written request to the Authority at P.O. Box 25, Lac du Flambeau, Wisconsin 54538. The request must contain the information required by Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance.
I received a loan directly deposited into my checking account without ever applying for or allowing this transaction. I don't know how they got all my info, but I definitely did not give it them. I have to close my accounts now and open new ones because they somehow got all my info, including routing number and account numbers.
This responds to the above-referenced complaint. This inquiry related to a loan from Niswi LLC dba Amplify Funding (the “Company”), which is owned by the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”).1 The Company takes these types of inquiries very seriously and would like to provide you with the below information.The Company issued a loan based on an application submitted in the customer’s name. The complaint stated that the customer did not request the loan from the Company though. The Company received the customer’s loan application through a third-party lead generator that had received the application from the customer, so that may be the source of the customer’s confusion. Following receipt of the complaint, the loan proceeds were returned to the Company. As such, the Company has closed the subject loan.It is unclear if the customer believes he was the victim of identity theft. If he believes he has been the victim of identity theft, he can provide the following to the Company to further investigate:1. Proof of identification, such as a copy of her driver’s license, her social security number, or a copy of her government-issued identification card; and,1 The Company is a wholly-owned and operated subsidiary of LDF Holdings, LLC (“LDF Holdings”). LDF Holdings is a wholly-owned and operated subsidiary of the L.D.F. Business Development Corporation, which is a wholly-owned and operated economic arm and instrumentality of the Tribe. The Tribe is a federally recognized Indian tribe, organized under a Constitution pursuant to the Indian Reorganization Act of 1934, 48 Stat. 984, 25 U.S.C. §§ 476, et seq., as amended, and is identified on the United States Department of Interior’s list of federally acknowledged Indian Tribes. 83 FR 34863-01 (July 23, 2018). The Company is an arm of the Tribe. As an arm of the Tribe, the Company possesses all of the privileges and immunities of the Tribe. The Tribe and the Company are entitled to tribal sovereign immunity and they are not subject to state law. Wells Fargo Bank, N.A. v. Lake of the Torches Econ. Dev. Corp., 677F. Supp. 2d 1056, 1061 (W.D. Wis. 2010) (holding that entities acting as arms of a tribe are entitled to tribal sovereign immunity). Nothing in this communication should be construed as a waiver of the Tribe’s or the Company’s sovereign immunity, all of which are expressly preserved. 2. A completed identity theft report, which can be found at the Federal Trade Commission’s website, https://www.identitytheft.gov/Assistant# or a police report outlining the alleged identity theft.If the customer has any additional questions, he can call ***Kindest Regards,*** Director of Operations
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and have determined that this does not resolve my complaint. For your reference, details of the offer I reviewed appear below.