Dr. Phil’s Son Implicated in Alleged Predatory Lending Scheme with Crow Creek Sioux Tribe
A California resident has initiated legal action against River Valley Loans and several business leaders, including the son of television personality Dr. Phil, accusing them of operating a predatory lending operation that involved the Crow Creek Sioux Tribe. According to the complaint, the defendants are charged with facilitating small-dollar loans that carry excessively high interest rates, violating lending laws. The plaintiff alleges that the scheme exploits both the tribal affiliation of the lending entity and borrowers’ vulnerabilities by offering loans without adhering to legal interest rate limits. California state laws impose strict caps on interest … Read more