Lac Vieux Desert Band of Lake Superior Chippewa Indians


~Tribal Financial Services Regulatory Authority~


CONSUMER ALERT:


SLS LOANS AND LIENS NOW HELD BY CARLOAN, LLC, P.O. Box 11, Rarotonga, Cook Islands, (855) 221-3282.

Please be advised that Sovereign Lending Solutions, LLC ("SLS"), a former tribally owned and operated tribal consumer financial service provider, doing business as Title Loan America, has dissolved effective September 15, 2014. The TFSRA previously alerted consumers that SLS had ceased operation and had assigned all assets, including loans and liens, to Management Solution, LLC ("MS"). The TFSRA has recently learned that after SLS had assigned all assets, MS reassigned those assets to Car Loan LLC, LLC, P.O. Box 11, Rarotonga, Cook Islands.

All service inquiries, concerns, and disputes over any former SLS loan or lien must be directed to Car Loan at (855) 221-3282 or the address above.

Mission Statements

To Safeguard the Tribe's Sovereignty and
Right of Self-Governance through Self-Regulation


The primary mission of the Lac Vieux Desert Tribal Financial Services Regulatory Authority is to license, regulate, and supervise persons, firms, business entities, and associations furnishing consumer financial services while under the tribe's jurisdiction.

To Preserve and Develop the Tribe's Role in Providing Financial

Services and To Promote Sustainable and Healthy Growth of Tribal Businesses In the case of lending institutions and consumer financial services providers, the TFSRA charge is to charter, regulate, supervise, and safeguard the interest of shareholders, members, and consumers through on-site examinations, investigations, remedial action orders and trainings. A primary activity of the TFSRA is the supervision of lending institutions to determine and ensure their compliance with all applicable consumer protection laws, regulations and policies. The TFSRA has a duty to assist in the development of the financial services industry of the tribe for the benefit of its members and the community in all ways consistent with safe and sound business practices.

To Ensure Consumer Protection and Provide a Viable Mechanism for Consumer Dispute Resolution

In the case of persons or entities that provide financial services to the public, the requirement is that these persons or entities register with the TFSRA and that the Authority ensures credit is extended to consumer in terms that are fair and in compliance with all applicable consumer protection laws, regulations and policies.


What we do:

Law and Regulation:

The Lac Vieux Desert Band of Lake Superior Chippewa Indians Tribal Council has enacted the Tribal Financial Services Regulatory Code, as amended, to ensure the legal operation of consumer financial services.

Tribal Financial Services Regulatory Code

The TFSRA is authorized by the Code to promulgate rules and regulations to help implement and regulate Tribal Financial Services.

TRSRA’s Rules and Regulations



Contact Information:

Send Email to: tfsra@lvdtribal.com
Phone: (906) 358-4916, Jordan
Phone: (906) 358-4917, Misaabe
Phone: (906) 358-4918, Lilly
Fax: (906) 358- 4957

Mailing Address:
Lac Vieux Desert Band of Lake Superior Chippewa Indians
Tribal Financial Services Regulatory Authority
N5384 US 45, Room 200
P.O. Box 249
Watersmeet, MI 49969