Majestic Lake Financial: What Happened
Majestic Lake Financial's original operation is no longer active — one of the four Habematolel Pomo lenders in the CFPB case and $489M settlement.
What happened to Majestic Lake Financial
Majestic Lake Financial was one of four lenders formed under Habematolel Pomo of Upper Lake tribal law, named alongside Golden Valley, Silver Cloud, and Mountain Summit in the CFPB's April 2017 suit (later dismissed) and covered by the Virginia 'rent-a-tribe' RICO class action that settled for about $489 million in total relief, with rates reported as high as 919%. The original operation has wound down.
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Majestic Lake Financial FAQ
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Independent & not affiliated. Tribal Installment Loans is an independent resource and is not affiliated with Majestic Lake Financial. Brand names are trademarks of their owners. Facts are summarized from the cited public sources.