After receiving a pay day loan of $150.00 from Gentel Breeze, i notice that when it was time to pay the balance or extend the balance, that the amount kept going up because they are charging a set up fee and finaicial charges, that increase each time the loan come up due.
I sent a letter to stop ACH debit authorizations per Regulation E Section 20510 Preautorized transfers. And requested there licensing information it was refused.
I receieved this email back:
From: "S White" <email@example.com>
Date: Mar 15, 2012 1:57 PM
Subject: GENTLE BREEZE
Tribal Lending Enterprise
Re :( Gentle Breeze) Lending Practice
To Ms. Kirstan d. Freeman
On behalf of Tribal Lending Enterprise, thanks you for your recent inquiry into our company's lending practices in your area.
All founds loaned through Gentle Breeze Website for consumer's personal use are transacted by Tribal Lending Enterprise, a wholly owned Business entity of a federally recognized, sovereign Indian Tribe. The nation's Indian tribes are protected with sovereign immunity from unconsented suit.
We pride ourselves on full compliance with all applicable law. Tribal Lending Enterprise comports with all related federal law.However, state regulatory law does not apply to Tribal Lending Enterprise and individual states have no jurisdiction over the Tribe's lending business.
Allegations that Tribal Lending Enterprise is engaged in illegal consumer lending in your state are unfounded. Further THREATS of state of State actions seeking to regulate a business protected by tribal soveregin immunity are without merit.
If you are concerned with loans Tribal lending Enterprise offers, several competitors in the marketplace are available to consumers. All loans transacted through Gentle Breeze are voluntary and made after an informed review of conspicuously display terms and conditions by each individual consumer...
Director of Gentle Breeze La Posta Lending
What can i do? Looks like i have a fight on my hands?