Heather James, on behalf of herself and all others similarly situated v. Eric Lochen, et al.

District Court, D. Alaska·Decided August 7, 2026·No. 4:25-cv-00024·Unknown

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF ALASKA

HEATHER JAMES, on behalf of

herself and all others similarly

situated,

Plaintiff, Case No. 4:25-cv-00024-SLG v.

ERIC LOCHEN, et al.,

Defendants.

ORDER ON PENDING MOTIONS Before the Court are the following five pending motions: 1. At Docket 43 is Defendants Lori Baker, Charles Titus, Jr., Lindberg Charlie, Jonathan David, Sr. (collectively, “BEDCO Defendants”), and Shane Thin Elk (collectively, “Tribal Defendants”)’s Motion to Dismiss. Plaintiff Heather James responded in opposition at Docket 52, to which Tribal Defendants replied at Docket 68; 2. At Docket 44 is Tribal Defendants’ Motion to Compel Arbitration. Plaintiff responded in opposition at Docket 53, to which Tribal Defendants replied at Docket 69; 3. At Docket 45 is Tribal Defendants’ Motion to Dismiss or Strike Class Allegations. Plaintiff responded in opposition at Docket 54, to which Tribal Defendants replied at Docket 70; 4. At Docket 46 is Eric Welch, Jay McGraw, and CreditServe, Inc. (collectively, “CreditServe Defendants”)’s Motion to Compel Arbitration and Stay Action. Plaintiff responded in opposition at Docket 55, to which

CreditServe Defendants replied at Docket 72; and 5. At Docket 47 is CreditServe Defendants’ Motion to Dismiss or Strike Class Allegations. Plaintiff responded in opposition at Docket 56, to which CreditServe Defendants replied at Docket 73. Oral argument on the pending motions was held on February 9, 2026.1 After

oral argument, Tribal Defendants, CreditServe Defendants, and Plaintiff each filed Notices of Supplemental Authority at Dockets 75, 83, and 85, respectively. BACKGROUND This case concerns the lending practices of Minto Money, an online lending enterprise owned by the Native Village of Minto.2 Plaintiff obtained a $600 loan

from Minto Money with an annual interest rate of 755.29% and a total repayment amount of $5,524.55.3 Plaintiff now seeks to pursue a putative class action against the board members of the Tribe’s economic development arm, which wholly owns Minto Money, as well as the non-tribal individuals and entities allegedly involved in

1 Docket 80. 2 Docket 1 at 3-4. 3 Docket 1 at 28. Case No. 4:25-cv-00024-SLG, James v. Lochen, et al. managing, financing, and servicing Minto Money’s lending operations.4 According to Plaintiff, Defendants relied on the Tribe’s sovereign status and choice-of-law provisions to make and collect loans carrying interest rates that would otherwise

violate state usury laws.5 On behalf of herself and two proposed classes, Plaintiff seeks damages and declaratory relief arising from Minto Money’s lending practices.6 This action is one of numerous cases brought in federal courts challenging high-interest loans issued through tribal-affiliated lending enterprises.7 The Native Village of Minto is a federally recognized tribe located in Minto,

Alaska.8 In 2018, the Minto Native Village Council (the “Council”) established Benhti Economic Development Corporation (“BEDCO”) with the stated purpose of “‘generat[ing] revenue and promot[ing] economic development and self-sufficiency to significantly benefit the community of the Native Village of Minto.’”9 Shortly thereafter, BEDCO’s Board of Directors (“BEDCO Board”) chartered Minto

Financial d/b/a Minto Money, “a wholly owned subsidiary of [BEDCO], a sovereign

4 Docket 1 at 3-4, 11, 32-39. 5 Docket 1 at 3-8. 6 Docket 1 at 32-41. 7 See Al-Nahhas v. 777 Partners LLC, 129 F.4th 418 (7th Cir. 2025); Hengle v. Treppa, 19 F.4th 324 (4th Cir. 2021); Williams v. Big Picture Loans, LLC, 929 F.3d 170 (4th Cir. 2019); Brice v. Haynes Invs., LLC, 13 F.4th 823 (9th Cir. 2021). 8 Docket 1 at 4. 9 Docket 1 at 11 (quoting About Us, BEDCO, https://www.bedco.us/about-us (last visited Aug. 4, 2026)); see Docket 1-3 at 3-7. Case No. 4:25-cv-00024-SLG, James v. Lochen, et al. economic arm, enterprise and instrumentality of, and created under the laws of and for the benefit of, the Native Village of Minto.”10 Defendant Shane Thin Elk, who is alleged to be a member of a different

Native American tribe, is the sole commissioner of the Minto Financial Services Licensing & Regulatory Commission (the “Commission”).11 In 2019, the Commission issued a tribal lending license to Minto Money “pursuant to and in accordance with the Tribal Credit Code of the Minto Tribe.”12 On December 3, 2022, BEDCO executed an Executive Management

Consultant Engagement and Services Agreement (the “MPC Agreement”) with Defendant Mineral Point Consulting LLC (“MPC”) whose sole member is Defendant Eric Lochen (collectively, “Lochen Defendants”).13 The MPC Agreement “explicitly authorizes and approves [MPC] to undertake all management decisions on behalf of [BEDCO] and [its] subsidiaries,” including

“[r]eview[ing] and consult[ing] on management of all operations . . . with particular regard to, though not limited to, managing its consumer lending operations.”14 The MPC Agreement also requires BEDCO to maintain an exclusive relationship with

10 Docket 1 at 11 (quoting Minto Money, https://mintomoney.com (last visited Aug. 4, 2026)). 11 Docket 1 at 7, 11-12. 12 Docket 1 at 11 (citation omitted). 13 Docket 1 at 6, 14, 16. 14 Docket 1-1 at 11, 23. Case No. 4:25-cv-00024-SLG, James v. Lochen, et al. MPC, Next Level Servicing, and Defendant CreditServe, Inc., as long as BEDCO has any lending agreement that the Lochen Defendants arranged for BEDCO.15 On October 23, 2023, Plaintiff applied for and obtained a $600 loan from

Minto Money through its website from her residence in Stevinson, California.16 The loan carried an annual interest rate of 755.29%, resulting in $4,924.55 in finance charges and a total repayment amount of $5,524.55 for the $600 loan.17 Plaintiff executed the Loan Agreement online by signing the document electronically.18 The Loan Agreement includes a Dispute Resolution Procedure Provision,

which establishes a two-step dispute resolution process through Minto Money and the Tribal Lending Regulatory Authority.19 The Loan Agreement also includes an Arbitration Provision, which provides that any unresolved dispute . . . shall be resolved by binding arbitration under the Consumer Arbitration Rules (“The Consumer Rules”) of the American Arbitration Association (“AAA”) . . . . All parties to such dispute will be governed by the rules and procedures of the American Arbitration Association applicable to consumer disputes, to the extent those rules and procedures do not contradict either the law of the Tribe, applicable

15 Docket 1-1 at 12 (“During the Term of this Agreement, or any extension thereof, both Parties agree that as long as Company has any lending agreement or arrangement with any lender introduced to Company by Consultant or any affiliate thereof, including without limitation Mecca Capital, Inc., that the Parties shall maintain this exclusive relationship and Agreement and their exclusive cross-relationships and agreements with Next Level Servicing, Inc., and CreditServe, Inc., as they relate to any portfolio of Company benefiting from any lender Consultant introduces to Company, including without limitation Mecca Capital, Inc.”). 16 Docket 1 at 28; Docket 43-1 at 16. 17 Docket 1 at 28; Docket 43-1 at 8-9. 18 Docket 44 at 9-10 (citing Docket 43-1 at 8-9). 19 Docket 44-1 at 12. Case No. 4:25-cv-00024-SLG, James v. Lochen, et al. federal law, the Federal Arbitration Act (9 U.S.C. §§ 1-16), or the express terms of this Agreement or this Arbitration Provision, including the limitations on the arbitrator below. . . .

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Heather James, on behalf of herself and all others similarly situated v. Eric Lochen, et al., (D. Alaska 2026).

Heather James, on behalf of herself and all others similarly situated v. Eric Lochen, et al. (Heather James, on behalf of herself and all others similarly situated v. Eric Lochen, et al.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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