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Address: PO Box 231, Lac du Flambeau, Wisconsin, United States, 54538
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I originally applied for a $1000 loan and was told if the loan is paid off early, the amount paid in interest (Principal amt) would not be as high verse waiting and paying off the loan in 1 year. When I called to pay off the loan early, I was told none of the payments made in the first 6 months ($1710) were applied towards the balance of the loan. I actually have to pay more to pay off the loan early than the original loan amount. $1092.00 to pay off a $1000 loan which I have already paid $1710, that's robbery. It's hard to believe none of the $1710 was applied to the loan.
I took out 2 ($1100 and $1500) loans with this company. The first loan was taking out and paid off quickly and I did not realize the illegal interest rate that this company was charging. After taking out the second loan I called them to pay it off and was told the loan balance was extremely higher than the original amount borrowed. The cap for a loan on my size in the state of Maryland is 33 percent and the amount charged was over 600%. I contacted them and told them that I have paid off over the principal amount on both loans and the loan should be closed and paid in full due to them not legal being able to charge that interest rate which makes any interest uncollectable. I thought that my account was closed and then I found out today that they have given my loan to a collection company for $2615.50 .The account should be closed and should show as paid in full.
VIA ELECTRONIC MAIL
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. Due to its immunity, the Company and the loan are not subject to the laws of the State of Maryland. The loan is legal.
In addition, the complainant states that he paid back the principal amount of his second loan. The complainant never made a payment to the Company related to the second loan. The Company sold that loan to ZenResolve, LLC on October 10, 2018.
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: ***
The Company trusts that the complainant will find this response satisfactory. However, if he 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 *** he may pursue formal dispute resolution with the Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, he 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.
Kindest Regards, _________ __
***
Director of Operations Niswi, LLC dba Amplify Funding
This company illegally deposited a loan of some sort in to my account without my permission. I never applied for a loan of any sort with them. I did not notice the deposit untill they withdrew a payment for the loan a few days later. I had my bank repay the loan iimediately and block amplify funding from being able to access my account. I don't know how they have my info and I never needed or wanted them in and out of my personal account!
VIA ELECTRONIC MAIL
This response 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.
The complaint stated that the customer received a loan that he did not request. The loan proceeds have been returned to the Company. The Company has closed the account. I
f the customer believes that he has been the victim of identity theft, he can provide the following to the Company at ***, to further investigate:
1. Proof of identification, such as a copy of a driver’s license or a copy of a government-issued identification card; and,
2. A completed identity theft report, which can be found at the Federal Trade Commission’s website, ***# or a police report outlining the alleged identity theft.
If the customer has any questions, he can call ***
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:
Shilee Mullin at Spencer Fane LLP, 13520 California Street, Suite 290, Omaha, NE 68154, 402-965-8600, [email protected].
Kindest Regards,
*** Director of Operations
Niswi, LLC dba Amplify Funding
Unclear terms and conditions of the loan outrageous interest.
VIA ELECTRONIC MAIL
Re: Complaint #***
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.
Although not required to do so, as a courtesy, the Company will offer a resolution to the customer. It will communicate the terms of the offer to him in writing.
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: Shilee Mullin at Spencer Fane LLP***
The Company trusts that the complainant will find this response satisfactory. However, if he 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-ServicesReulatory-Ordinance.pdf, he may pursue formal dispute resolution with the Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, he 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.
Kindest Regards, _________ __
***
Director of Operations Niswi, LLC dba Amplify Funding
I had and unexpected expense come up when I applied for this I mentioned it to someone (Friend) about this loan and the payment amount/interest and they stated that payday loans aren't allowed to residents of Pennsylvania. I reviewed their page and it does state they don't lend to residents of PA exception if you are a returning customer only. I live in PA and have never lived in another state and I am not a returning customer. I borrowed 800 and paid back 3285.95
Please see attached for additional information.
I took out a loan online in the amount of $1700 the APR rate is 715.3%. I am a resident in GA and the company is based in WI operating under Tribal Law. I had been trying to pay off my loan for over a month now and can't because every time I get pay off amount it goes to interest and I have paid only it down by $200. I was recently informed that payday loans are illegal in GA . The total of payments if paid off by February 2019 would be 5,277.89 for a loan of $1700. Usury laws limit the interest rate amount a lender can charge. In Georgia, a licensed lender cannot charge more than 10% interest on a loan of $3,000 or less. Most states have a usury limit; if you were to borrow money from an out-of-state lending institution, that state’s cap would apply. Bear in mind that these rates may differ from Georgia’s rates. The Consumer Financial Protection Bureau issued new federal rules that would affect the entire payday loan industry — no matter where the companies are based. However, I don't feel like I'm being protected but rather violated and scammed out of my hard earn money after trying to get ahead.
Please see attached for additional information.
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.
Regards
I received an installment loan from this company for $650.00. I apparently did not understand the terms of the loan or either they were modified on the contrac. My question is they are charging me an interest rate of 503.35%, with total payment of $2685.54 for a $650.00 loan in 12 monthly payments.
This response to the above-referenced complaint. This inquiry related to a loan from Niswi LLC dba Amplify Funding (the “Company”), which is owned by the XXXXXX. 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 XXXXXX is a wholly-owned and operated subsidiary of the XXXXXX, 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. XXXXXX) (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 loan is legal.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 current outstanding principal balance ($633.48), the Company will close the account and waive all outstanding interest. The customer can either (1) call the Company at 1- XXXXX to set up a payment plan or (2) mail a cashier’s check or money order for the sum of $633.48 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: XXXXXXThe Company trusts that the complainant will find this response satisfactory. However, if he/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, he/she may pursue formal dispute resolution with the Tribal Consumer Financial Services Regulatory Authority (“Authority”). To do so, he/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 XXXXX, and desire to get further professional help to be sure I understand the response from the business.
Regards
I applied for a loan online and was called during the application process and was helped by a representative who did not advise me I was paying 795% on this loan. I am medically disabled and on a fixed income and would never agree to pay $3000 for $750. The disclosure about the terms need to be brought up and explained to people immediately. I feel like I was robbed and find it appalling that this company is allowed to take advantage of seniors and people with medical and mental health issues by asking them to repay 3 times the amount they borrowed. I have paid 258 twice by direct debit and thought I’d be done in four months only to discover that Amplify Funding is planning on deducting this amount for 12 months....this is an abomination and I feel like I have assaulted. Please help this company needs to be out of business or get an F rating.
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 had the option to save and/or print the agreement at the time of signing.Although not required to do so, as a courtesy, the Company would like to offer a discount to the customer. If she pays the current outstanding principal balance ($730.91), the Company will close the account and waive all outstanding interest. She 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 $730.91 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: Shilee Mullin at ***letter of explanation 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 ***. The request must contain the information required by Section 10 of the Tribal Consumer Financial Services Regulatory Ordinance.
I'm being charged excessive amounts of interest rates on a small loan, which is so expensive that it is putting me in severe debt. I've already feel that I have paid enough back already and just wish this would just stop before I loose everything. This company (Amplify) has taken advantage of hard working tax paying citizens and it is not fair. I just needed a small loan but never expected to pay 4000 dollars back for only 1200. SAD!! HELP PLEASE!!
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 and they were accurately and clearly reflected in the loan agreement that the customer signed before receiving the loan.Although not required to do so, as a courtesy, the Company would like to offer a discount to the customer. If she pays the sum of $800, the Company will close the account and waive all interest. She 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 $800 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: S *** at S ***.The Company trusts that the complainant will find this letter of explanation 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 took out a payday loan with this company for $1000.00 today I have paid the company over 600. I called to payoff the loan and they would take but wanted to charge me 350 payment then a 1000 dollars to pay off the day after. That's gotta be illegal to refuse payment just so you can charge more money. If I keep this loan I will end up paying another 3500 dollars. But if I pay it off right away it will still be another 1350. This is got to be illegal. Almost none of the payment amount goes to the principle.
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
On 9/17/18 I received an installment loan for $850. I have since made three payments of $292.60 monthly, totaling
$877.80. I am scheduled to make nine more payments of $292.60 monthly, 12 payments equaling $3511.20 in
total. This is an installment loan at 480.34% APR, costing $2,661.19 for the original $850 loan. I was unaware of the APR at the time of agreeing to the loan. I have also recently discovered that the lender, Amplify Funding, is unlicensed in the state of Oregon.
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
On fixed income which they knew. Had emergency had to borrow 300. They are taking 103 a month out of my account. Never got any paperwork from them and I paid 2 payments the second time s have paid 309 back in 2 months and was told I needed to pay 264 to pay off loan. I have since made another 103 pmt it will never end. It will cost me over 1000 to pay back 300. Don’t do business with this outfit it is a rip-off especially to seniors on fixed income who can barely survive as it is.
Deborah M.
Amplify Funding is illegal in the state of Colorado yet continues to scam and extort in this state. This is a felony. Since the loan is illegal, I'm not require to pay any interest on the loan.
I just took out a $500 loan and saw paperwork later as I fell behind and had no choice..I understand the interest as I am in a payday loan now..but didn't know it was n Indian reservation loan which charge 3 times the loan to pay back..so I steer clear of all these loans. I will make a re fire again in 2 months..hope to pay off very very early..then I'll tell you what took place for me. J Sonrs
Borrowed $800.00 dollars and they a payment twice a month. I will end up paying $3,060.18. This is too much .
I applied for a 300.00 loan in August of this year with the understanding that is would be paid off in November of this year which it is So I wanted to apply for another loan but when I called I was told I still owed on the previous I told them the loan was paid they told me I still had another year to pay interest which means I will be paying 1200 on a 300 loan They had been taking the payments automatically out of my checking I do not want this to continue Paying 1200 on a 300 loan is robbery I did not understand the terms of the agreement
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. 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 were permitted by Tribal law andthey were accurately and clearly reflected in the loan agreement that the customer signed beforereceiving the loan.
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. I am satisfied that the account has been closed and they have waived the balance which there is none. If I do see any transactions in my bank from this company I will be filling another complaint It is robbery the interest they charge Thank you
Regards
I started to apply for a loan With AMBILIFY FUNDING stop when I saw the loan rates .About 10 min later they called and I told them I wasn't interest in the loan she said that if I paid the loan back in 30 days the 720% interest rate would be less I ask how much less she said a couple of hundred so I said ok the contract came they they wanted 1100 on a 250 loan
These people are a rip off they still lied to me I am refusing to repay the loan and I know they will put this on my credit report but so be it nut I want to put them on blast for ripping people off. My name is Euston G an my address is *** my cell is ***. I don't know how long these company's been around but I want to expose them .Feel free to contact me please help me to expose them thank you.
I took out a payday loan with this company for $500.00 today I have paid the company $1115.59 which is $600.00 over the original loan amount. I did not realize they were charging 776.12 % in interest how is this even legal?
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 takes issue with the interest rate on the loan. The Company issues loans inaccordance with the Tribe’s Tribal Consumer Financial Services Regulatory Code and it is licensed underTribal 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 byTribal law. They were accurately and clearly reflected in the loan agreement that the customer signedbefore receiving the loan. The customer’s loan is legal.Even though not obligated to do so, as a courtesy, the Company has closed the subject accountand waived the outstanding balance.
[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.] I appreciate the courtesy of closing the account.
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
This company is a modern day loan shark enterprise They charge an interest rate of 731.02%. If you get caught in a bind please try another source. They take advantage of hard working people who may not have other options.