Alert number: CA058378_12/24/24
Overview
The State of Washington Department of Financial Institutions (DFI) has received complaints from Washington consumers that the Turtle Mountain Band of Chippewa may be operating as an online tribal lender, under the following business name:
- Blue Chip Financial dba Spotloan
This business claims to be an entity of the Turtle Mountain Band of Chippewa. The Turtle Mountain Band of Chippewa claims to be a federally recognized sovereign American Indian Tribe located in North Dakota.
Not Licensed to Operate in Washington
Turtle Mountain Band of Chippewa and their entity are not licensed by DFI and are not registered to conduct business in Washington State by the Department of Licensing, Department of Revenue, or the Secretary of State.
Contact Information Associated with This Business
Turtle Mountain Band of Chippewa and their entity have been associated with the following contact information:
Blue Chip Financial dba Spotloan
888*681*6811
PO Box 720
Belcourt, ND 58316
help@spotloan.com
[https://www.spotloan.com/]
If You Have A Complaint
If you have a complaint against any of these entities, you may contact:
Turtle Mountain Band of Chippewa
701*477*2600
4180 Hwy 281
Belcourt, ND 58316
Not To Be Confused With
Blue Chip Financial should not be confused with the following companies:
- Blue Chip Financial, LLC [https://bluechip.financial/]
- Blue Chip Financial Corp [http://www.bluechipfinancialcorp.com/]
- Blue Chip Financial Advisors [http://www.bcfa.net/]
- Blue Chip Financial, Inc [https://www.bluechipservices.net/]
- Blue Chip Financial (Stamford, CT) [https://www.bluechipfin.com/]
Important Information for Washington Consumers About Unlicensed Lenders
Washington residents only: If you suspect unlicensed activity by a payday lender or consumer loan company, please contact the Department at 1-877-746-4334, or online at www.dfi.wa.gov. Even if the activity involves a loan you obtained over the internet, a license is generally still required. If a collection agency is attempting to collect a debt from you, check that the company is licensed by the Washington State Department of Licensing.
Make sure that the entity is licensed. Consumers can use the “Verify a License” feature on DFI’s website at www.dfi.wa.gov to check whether a payday or consumer loan company is licensed to conduct business in the State of Washington.
Do not provide any personal information, such as social security number or bank account number or access if the company is not licensed or authorized to conduct business.
Important Information for All Consumers
If you received a loan from a lender and someone else is now attempting to collect the loan, collection activity may be subject to the federal Fair Debt Collection Practices Act (FDCPA). If you are contacted by a third party claiming you owe a debt, you can request a “written validation notice,” which must provide the amount of the debt, the name of the creditor you owe, and your rights under the FDCPA. If you have questions regarding federal debt collection laws you can contact the Federal Trade Commission (FTC) at 1-877-382-4357 or online at www.ftc.gov.
If you feel you have been the victim of a financial scam you can contact the FTC at 1-877-382-4357 or online at www.ftc.gov; or the Consumer Financial Protection Bureau (CFPB) at 1-855-411-2372 or online at www.consumerfinance.gov.
If the scammers already have your bank account information, social security number, or other personal information, you may be a victim of identity theft. You can contact your bank and the three major credit bureaus to take appropriate precautions. The FTC has information for victims of identity theft online at www.ftc.gov.
If you feel you have been the victim of a scam involving the internet you can contact the FBI’s Internet Crime Complaint Center online at www.ic3.gov.
If you live in another state, you can find the regulator for your home state.