Also Doing Business As
- Rolling Plains Cash
- Green Circle
The Washington State Department of Financial Institutions (DFI) warns consumers to verify that any lender with which they consider doing business holds a Washington State license for providing payday loan services. Consumers are urged to verify licensing status prior to giving the lender nonpublic personal information, such as social security number and checking account access.
DFI has received complaints against The Wakpamni Lake Community Corporation (WLCC) d/b/a Rolling Plains Cash & Green Circle. It appears that this entity is operating as a tribal online small loan (payday) lender. WLCC claims to be owned by Oglala Sioux Tribe, a federally recognized Indian Tribe, which is protected by sovereign immunity and not subject to regulation by Washington State.
WLCC is not licensed by DFI and is not registered to conduct business in Washington State by the Department of Licensing, the Department of Revenue, or the Secretary of State. Washington residents are advised that state law provides in RCW 31.45.105(1)(d) and (3) that a small loan made by an unlicensed entity to a person physically located in Washington is uncollectible and unenforceable in Washington State.
WLCC operates the following websites:
If you have a complaint against WLCC d/b/a Rolling Plains Cash & Green Circle, you can contact the following representative from WLCC:
Director of Compliance – WLCC
888-570-1161, Ext. 111
Further, if an unlicensed organization attempts to collect a debt by threatening wage garnishment, criminal penalty, or other legal action, please contact the Federal Trade Commission at the contact information listed below.
DFI strongly recommends that consumers deal only with those lenders that are properly licensed to conduct business. Consumers can determine whether lenders are properly licensed using the “Verify a License” feature on the Department’s website atwww.dfi.wa.gov.
Payday Loan Debt Collection Laws
Collection activities are subject to the federal Fair Debt Collection Practices Act. Therefore, if you have questions regarding debt collection laws please contact the Federal Trade Commission at 382-4357 (1-877-FTC HELP), or online at www.ftc.gov(link is external).
Washington State residents, if you are suspicious of unlicensed activity by a payday lender please contact the Department at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.
If you live in another state, go to the following webpage to find the regulator in your home state:http://mortgage.nationwidelicensingsystem.org/consumer/Pages/AgencyContacts.aspx(link is external).
If you feel you have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357) or online at www.ftc.gov(link is external); or contact the Consumer Financial Protection Bureau (855) 411-CFPB (2372) or online atwww.consumerfinance.gov(link is external). Because the scammers have access to bank account information and social security numbers, victims should consider themselves victims of identity theft and take appropriate precautions. The Federal Trade Commission has information for victims of identity theft available online at www.ftc.gov(link is external).
If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at www.ic3.gov(link is external).
If you feel you have been the victim of a loan scam and are concerned about your personal financial information, contact your banking institution, and the three major credit bureaus.
Categories: CONSUMER alert