Washington State Department of Financial Institutions

Consumer Alert:
Rosebud Lending PCL

Also Doing Business As

Unlicensed Payday Loans

January 16, 2014

The Washington State Department of Financial Institutions (DFI) has received complaints against Rosebud Lending PCL d/b/a/ PixyCash.com (Rosebud Lending) concerning online payday loans. These companies have asserted they are wholly owned by the Rosebud Sioux Tribe of South Dakota. Rosebud Lending states that they are not subject to regulation by the Department and that only the United States government has jurisdiction over federally recognized Indian tribes and their business activities.

Rosebud Lending is not licensed by DFI to make payday loans in Washington, and is not licensed to conduct business in Washington by the Department of Revenue or the Secretary of State. Washington residents are advised that state law provides in RCW 31.45.105(1)(d) and (3) that a small loan made by an unlicensed entity to a person physically located in Washington is uncollectible and unenforceable in Washington State.

Rosebud Lending operates a website at pixycash.com and lists its phone number as 1-888-543-2350. The address associated with Rosebud Lending is listed as: 101 Research Park Drive, PO Box 995, Mission, SD, 57570.

If you have a complaint against Rosebud Lending or PixyCash.com, you may contact these entities through their Complaint Fax at: 1-866-364-1651, or through their Complaint Email at: complaints@pixycash.com.

Verify License

DFI strongly recommends that consumers deal only with those lenders that are properly licensed to conduct business. Consumers can determine whether lenders are properly licensed using the “Verify a License” feature on the DFI’s website at www.dfi.wa.gov/consumers/findcompany.htm.

Payday Loan Debt Collection Laws

Collection activities are subject to the federal Fair Debt Collection Practices Act. Therefore, if you have questions regarding debt collection laws please contact the Federal Trade Commission at 1-877-FTC HELP, or online at www.ftc.gov.

Debt collectors cannot state or imply that failure to pay a debt is a crime. They cannot call before 8:00 a.m. or after 9:00 p.m. They cannot harass or abuse consumers, or contact consumers' places of employment.

Report Fraud

Washington State residents, if you are suspicious of unlicensed activity by a payday lender please contact the Washington State Department of Financial Institutions at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.

If you live in another state, find your state regulator.

If you feel you have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357) or online at www.ftc.gov; or contact the Consumer Financial Protection Bureau (855) 411-CFPB or online at www.consumerfinance.gov. Because the scammers have access to bank account information and social security numbers, victims should consider themselves victims of identity theft and take appropriate precautions. The Federal Trade Commission has information for victims of identity theft available online at www.ftc.gov.

If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at www.ic3.gov.

If you feel you have been the victim of a loan scam and are concerned about your personal financial information, contact your banking institution, and the three major credit bureaus.

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