Think Finance/Plain Green’s Loans Are Formulated On The Web, Through The Indian Reservations, And Then Turn Out To Be Owned By A Cayman Isles Servicing Company.

Think Finance/Plain Green’s Loans Are Formulated On The Web, Through The Indian Reservations, And Then Turn Out To Be Owned By A Cayman Isles Servicing Company.

“The Think Finance-Plain Green business design is representative among these growing online payday financing operations. The loans, and vast amounts of charges compensated to imagine Finance, move across Plain Green and state that is circumvent, whilst the genuine work of operating the financing company occurs somewhere else. Many Many Thanks to Think lending that is finance’s online, Plain Green has the capacity to make loans from coast to coast. Ultimately, the loans wind up owned by a Cayman Islands servicing business. And Plain Green, which cites the Chippewa Cree’s sovereignty in customers, says that state to its lending agreement and federal regulators do not have appropriate standing to grumble.” Huffington Post, 6/29/15

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