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Tunica-Biloxi Tribe of Louisiana d/b/a Mobiloans

Aug 13, 2013

The California Department of Business Oversight (DBO) has received complaints against Mobiloans.  It appears that this entity is offering payday loan services within the State of California.  The California Department of Business Oversight normally licenses and regulates  “Payday Lenders” doing business in California under the California Deferred Deposit Transaction Law  (http://www.dbo.ca.gov/Laws/Payday_Lenders/).  But due to the fact that Mobiloans claims to be wholly owned by the Tunica-Biloxi Tribe of Louisiana, the entity asserts that it is not subject to regulation by the California Department of Business Oversight and that only the United States Government has jurisdiction over federally recognized Indian Tribes and their business activities.  Tunica-Biloxi Tribe of Louisiana is not licensed to conduct business in the state of California.  Tunica-Biloxi Tribe of Louisiana d/b/a Mobiloans operates a website at www.mobiloans.com and lists its phone number as (877) 836-1519. The address that has been associated with this entity is: Tunica-Biloxi Tribe of Louisiana d/b/a Mobiloans, 151 Melacon Rd, Marksville, LA 71351.  We recommend that complaints against Tunica-Biloxi Tribe of Louisiana d/b/a Mobiloans be directed to: The Federal Trade Commission (https://www.ftccomplaintassistant.gov/), and the US Consumer Financial Protection Bureau (CFPB – http://www.consumerfinance.gov/complaint/)