A number of high profile US institutional investors, including Harvard’s endowment and the California Public Employees’ Retirement System, have links to offshore payday loans through a private equity investment, according to Bloomberg. San Francisco-based Vector Capital’s fourth fund raised $1.2 billion in 2007. An investment in a Vector Capital fund in 2007 resulted in CalPERS and other high-profile institutions inadvertently backing an offshore payday loans company that charged users more than 600% interest. Meanwhile, New York City’s $155 billion retirement system is seeking new private equity talent following the departure of Rafique DeCastro. Bureau Alleges the NDG Enterprise Collected Money Illegally, Seeks Refunds for Consumers. WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today announced the filing of a lawsuit in federal district court against the NDG Enterprise, a complex web of commonly controlled companies, for collecting money consumers did not owe. The CFPB alleges that the defendants illegally. Offshore payday lenders are, as a rule, not safe to use. Would-be borrowers tend to come into contact with such lenders through the Internet, and an offshore payday lender's site may look just like any other site on the Web that centers on borrowing money. The pictures and the text may look the same at first glance. What is the main difference? Every year, more than 12 million Americans spend $17 billion on payday loans, despite the fact research has shown these costly lines of credit often leave borrowers worse off.Yet abusive lending. by Offshore Payday Loans Offshore Payday Loans Offshore Payday Loans. 214 Offshore Payday Loans. 3.5 out of 5 (89757 customer reviews) Related Articles. Personal Loans Through Bank Of America.