Some high-interest payday lenders have found unlikely allies: Native American tribes in the battle to shield themselves from lawsuits and government oversight.
A number of Internet-based payday lenders have actually argued these are generally resistant from lawsuits and legislation because they’re “tribal enterprises. in appropriate battles in Ca, brand new Mexico, western Virginia and Colorado” They claim they enjoy tribal-nation sovereignty, that allows them to work outside state oversight — also when they’re making loans to non-Native People in the us residing definately not Indian lands. Weiterlesen
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