CONSUMER ALERT: TRIBAL PAYDAY LENDERS
It has come to our attention that a number of lenders offering short-term loans
(payday loans) to Oregon consumers are subdivisions of, or affiliated with, federally-recognized
Indian tribes. As a result, these companies may not be subject to the jurisdiction of the Oregon
Department of Consumer and Business Services (DCBS). We are still evaluating the law and the
various tribes positions to determine if tribal lenders are outside Oregons authority.
Most Internet-based payday lenders, including the companies listed below, are
not licensed to do business in Oregon. If you are considering using the services of an Internet-based
payday lender or any other company not licensed to do payday lending in Oregon, you should be
aware that they typically charge interest rates and other fees significantly above the limits
found in Oregon law.
Based on consumer complaints received by DCBS and information received from
other states, it appears that the following are tribal-run payday lenders. (Note: this is likely
not an exclusive list.):
US Fast Cash
United Cash Loans
Star Cash Processing
Instant Cash USA
500 Fast Cash
One Click Cash
FILING A COMPLAINT AGAINST A PAYDAY LENDER
To file a complaint against a tribal-run payday lender, please contact the Federal Trade Commission
at 1-877-FTC HELP (382-4357), or online at www.ftc.gov.
State of Oregon:
To file a complaint against a payday lender conducting business with Oregon consumers, contact
DCBSs Division of Finance and Corporate Securities (DFCS) by phone, 503-378-4140, or toll-free,
866-814-9710, or go to www.dfcs.oregon.gov/fileacomplaint.html.
Send mail to: Department of Consumer & Business Services Division of Finance & Corporate
Securities P.O. Box 14480 Salem, OR 97309-0405
FINDING A PAYDAY LENDER LICENSED IN OREGON
We recommend that all Oregon consumers conduct business with payday lenders
licensed by the State of Oregon. To find out which entities are licensed to make payday loans
in Oregon contact DFCS by telephone, 503-378-4140, or toll-free, 866-814-9710 or go to http://www.dfcs.oregon.gov/cf/search.html.