Plain Green Loans is an online

installment loan An installment loan is a type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments; normally at least two payments are made towards the loan. The term of loan may be as little as a few months an ...

company providing emergency cash via the internet. It is a

Tribal Lending Enterprise A Tribal Lending Enterprise (TLE) is a type of American financial services and lending organization owned and operated by a federally-recognized Native American tribal government. Native American tribal governments have established TLEs to furth ...

owned by the Chippewa Cree Tribe on the

Rocky Boy Indian Reservation Rocky Boy's Indian Reservation (also known as Rocky Boy Reservation) is one of seven Native American reservations in the U.S. state of Montana. Established by an act of Congress on September 7, 1916, it was named after ''Ahsiniiwin'' ( Stone C ...

History

In 2011, Plain Green Loans issued over 121,000 loans. Because the Chippewa Cree Tribe is a

sovereign nation A nation state, or nation-state, is a political entity in which the state (a centralized political organization ruling over a population within a territory) and the nation (a community based on a common identity) are (broadly or ideally) con ...

which enjoys tribal immunity, it is not subject to state laws which seek to prevent

usury Usury () is the practice of making loans that are seen as unfairly enriching the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in e ...

by regulating high-interest lending. In February 2012, a coalition of Indian tribes welcomed a Colorado court ruling that tribal immunity has no territorial boundaries. In 2014, several members of the tribe were convicted of illegally siphoning seven percent of the company's revenues which totaled $25 million over a three-year period. In January 2018, there was a successful settlement was reported between Plain Green Loans and BEH Gaming Ltd related to loans to the Chippewa Cree Tribe and Chippewa Cree Tribe Development Corporation. The settlement and Plain Green's payment of the debt to BEH releases the Chippewa Cree Tribe and Chippewa Cree Tribe Development Corporation from all liability. The agreement settles a lawsuit filed by Florida-based BEH Gaming Ltd in 2014 (Case # DV-14-142 in the 12th Judicial District Court in Hill County, Montana) to repay loans to expand Northern Winz Hotel and Casino.

Operations

Plain Green has a B rating with the

Better Business Bureau The Better Business Bureau (BBB) is an American private, 501(c)(6) nonprofit organization founded in 1912. BBB's self-described mission is to focus on advancing marketplace trust, consisting of 92 independently incorporated local BBB organizati ...

References

{{Reflist Financial services companies of the United States Loans Retail financial services Financial regulation in the United States Companies based in Montana Ojibwe in Montana Cree Chippewa Cree Indians of the Rocky Boy's Reservation, Montana Companies owned by American Indian tribes