American Web Loan (AWL) operated as an online lender and a business arm of the federally-recognized Otoe-Missouria Tribe of Indians. The company specialized in providing small-dollar, high-interest installment loans, marketing them as alternatives to traditional payday loans. By operating as a tribal enterprise, AWL claimed sovereign immunity from state lending laws and interest rate caps. Following significant legal and regulatory challenges, including major enforcement actions by the Consumer Financial Protection Bureau (CFPB), the company ceased originating new loans in 2021.

Founded in

United States