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

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

In a current choice because of the Fourth Circuit, Big Picture Loans, LLC, an on-line loan provider 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 they are each hands of this Tribe and cloaked with all the privileges and immunities for the Tribe, including sovereign immunity. As history, Big Picture Loans and Ascension are two entities formed under Tribal legislation by the Tribe and both are wholly operated and owned because of the Tribe. Big Picture Loans provides consumer financial services products online and Ascension provides marketing and technology solutions solely to picture that is big.

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