Category: Tribe PDL
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Tribal Lenders Not a Target
In my March 12, 2013 blog, I made the case that the Sovereign Model of payday lending – payday lenders joining with federally recognized tribes to manage tribally-owned Online lending businesses – would prevail if and when the payday lending industry would come under attack. My opinion remains the same. From the August 23, 2013…
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Continued Federal Commitment to Tribe Economic Development
Continued Federal Commitment to Tribe Economic Development This is a re-Posting of a piece written for Consultants4Tribes.com. The payday loan space, and collaborations with North American Tribes, continues today at a rapid pace! Federal commitment to tribes is a theme that many new “players” in the small dollar loan niche inquire about. WASHINGTON – The…
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Tribal-Lending-Tribe-Payday-Loans
By Allen Parker: The Wall Street Journal article addressing the phenomenon of tribes and payday loan companies states, “All it takes to make a deal is a willing tribe and an eager payday lender.” It takes far more than that in order to be protected under the tribe’s sovereign immunity umbrella. Here are some of…
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Tribe Payday Loan Lending: An Additional Layer of Legal Protection
As we are all aware, the Wall Street Journal did a story on payday loan companies using a tribal relationship strategy to avoid payday loan state-by-state licensing. Attacks on these relationships by state attorney generals have resulted in the relationships being upheld as extensions of sovereign immunity. The Dodd-Franks legislation targeted payday loans under its…
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Tribe Payday Loans
An Additional Layer of Legal Protection By Allen Parker As we are all aware, the Wall Street Journal did a story back in February on payday loan companies using a tribal relationship strategy to avoid payday loan state-by-state licensing. Attacks on these relationships by state attorney generals have resulted in the relationships being upheld as…