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Court rules against payday loan providers claiming to engage in tribes

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 »

octobre 27th, 2020
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