Silver Cloud Financial: What Happened
Silver Cloud Financial's original operation is no longer active — a co-defendant with Golden Valley in the CFPB case and the $489M Habematolel Pomo settlement.
What happened to Silver Cloud Financial
Silver Cloud Financial was one of four Habematolel Pomo of Upper Lake lenders named in the CFPB's April 2017 suit (with Golden Valley, Mountain Summit, and Majestic Lake) over collecting on loans alleged void in at least 17 states; the CFPB later dismissed the case. The same four were covered by a Virginia 'rent-a-tribe' RICO class action that settled for about $489 million in total relief. The original tribal-portal operation has wound down.
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Silver Cloud Financial FAQ
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Independent & not affiliated. Tribal Installment Loans is an independent resource and is not affiliated with Silver Cloud Financial. Brand names are trademarks of their owners. Facts are summarized from the cited public sources.