Big Image Loans Lands Big Profit for Tribal Lenders in Sovereign Immunity Case

Big Image Loans Lands Big Profit for Tribal Lenders in Sovereign Immunity Case

In a recently available choice because of the Fourth Circuit, Big Picture Loans, LLC, an on-line lender owned and operated because of the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a federally recognized Indian tribe (“Tribe”), and Ascension Technologies, LLC, the Tribe’s management and consultant company effectively established that they’re each hands associated with the Tribe and cloaked with all the privileges and immunities of this Tribe, including sovereign resistance. As history, Big Picture Loans and Ascension are two entities formed under Tribal law by the Tribe and both are wholly owned and operated by the Tribe. Big Picture Loans provides customer financial services products online and Ascension provides marketing and technology services solely to picture that is big.

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