U.S. FEDCourt order
District of Minnesota approves settlement ending state usury suit against online lender Plain Green
U.S. District Judge Jeffrey M. Bryan approved a settlement agreement between Minnesota Attorney General Keith Ellison and officials of tribal online lender Plain Green on September 23, 2026. The order resolves federal litigation alleging Plain Green charged Minnesota borrowers annual interest rates approaching seven hundred percent, exceeding state rate caps. Plain Green cancelled all interest on existing loans, credited prior payments toward principal, and agreed to stop marketing or making loans in Minnesota unless it complies with state lending law.
Order (U.S. District Court for the District of Minnesota) → · Minnesota Attorney General's Office, Red Lake Nation News, Ingstad Media +1
Key points
- Plain Green agreed not to sell, transfer, or assign any outstanding Minnesota loans or receivables subject to the interest cancellation.U.S. District Court for the District of Minnesota
- The lender may resume Minnesota lending only after giving 120 days advance notice and agreeing to comply with Minnesota consumer lending statutes.U.S. District Court for the District of Minnesota
- Because the tribal owner holds sovereign immunity, the settlement imposes no penalties or monetary damages on Plain Green.Minnesota Attorney General's OfficeIngstad Media
- Borrowers in Minnesota obtained emergency loans typically ranging from $350 to $1,500 that carried interest rates up to 80 times statutory limits.Minnesota Attorney General's OfficeRed Lake Nation News
- The agreement marks Ellison's third enforcement settlement against tribal-affiliated online lenders operating in Minnesota since February 2024.Minnesota Attorney General's OfficeMinnesota News Network
Sources5 articles across 5 outlets · 8 in the cluster
Ingstad Media
Minnesota Attorney General's Office
Minnesota News Network
Red Lake Nation News
U.S. District Court for the District of Minnesota