Consumer Alert:
Tunica-Biloxi Tribe of Louisiana d/b/a Mobiloans
Unlicensed Payday Loans
Updated: March 20, 2013
The Washington State Department of Financial Institutions (DFI) has received complaints against Mobiloans. It appears that this entity is operating as a tribal online payday lender. This entity stated they are wholly owned by the Tunica-Biloxi Tribe of Louisiana, and that it has sovereign immunity. This entity asserts that it is not subject to regulation by DFI 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 by DFI. This entity 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.
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.
File a Complaint
If you have a complaint against Mobiloans, you can mail it to:
Tunica-Biloxi Tribe of Louisiana d/b/a Mobiloans
151 Melacon Rd
Marksville, LA 71351
Fax: (877) 891-7862
Phone: (877) 836-1519
Verify License
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 DFI’s website at www.dfi.wa.gov/consumers/findcompany.htm.
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 1-877-FTC HELP, or online at www.ftc.gov.
Debt collectors cannot state or imply that failure to pay a debt is a crime. They cannot call before 8:00 a.m. or after 9:00 p.m. They cannot harass or abuse consumers, or contact consumers' places of employment.
Report Fraud
If you are suspicious of unlicensed activity by a payday lender please contact the DFI at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.
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.
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.
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.
