Washington State Department of Financial Institutions

Consumer Alert:
SFS, Inc. dba OneClickCash

Tribal Payday Lender

June 14, 2013

The Washington State Department of Financial Institutions (DFI) has received complaints against SFS, Inc. d/b/a OneClickCash (OneClickCash). It appears that this entity is operating as a tribal online payday lender. OneClickCash has stated it is a tribal lending entity wholly owned by the Santee Sioux Nation of Nebraska, and that it has sovereign immunity. OneClickCash asserts that it is not subject to regulation by DFI and that only the United States Government has jurisdiction over federally recognized Indian Tribes and their business activities.

OneClickCash operates a website at oneclickcash.com, and lists its email address as customerservice@oneclickcash.com. At its website, OneClickCash lists its phone number as 1-800-230-3266 and its fax number as 1-888-553-6477.

OneClickCash is not licensed by the Washington State Department of Financial Institutions as a payday lender. The entity is not registered to conduct business in Washington State 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.

Verify Licenses

The Washington State Department of Financial Institutions 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 DFI’s website at www.dfi.wa.gov.

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 (382-4357), or online at www.ftc.gov.

Report Fraud

If you are suspicious of unlicensed activity by a payday lender please contact DFI at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.

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) 411-2372, or online at www.consumerfinance.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.

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