Payday loan providers can’t shield themselves from state regulation of the interest levels by affiliating with Indian tribes while maintaining control of their operations and a lot of of these earnings, the Ca Supreme Court ruled Thursday.

The 7-0 ruling reinstated A california regulatory agency’s lawsuits against Oklahoma and Nebraska tribes whoever nationwide short-term financing businesses, the agency alleged, had been really managed by personal operators unaffiliated with either tribe. Read the rest of this entry »