Tag: Tribe Payday Loans
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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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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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A NO-NO: TRIBAL SOVEREIGN CLAUSE OMITTED
The owner of California Parking Services had already pled guilty to bribing the tribal chairman of the Soboba Band of Luiseno Indians with $50,000 in order to secure a valet parking contract at the Soboba Casino in March 2007. Now, the company has also lost its appeal in a civil case (California Parking Services Inc.…
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It’s About Sovereignty, Not the Payday Loan Industry
In previous blogs, I’ve emphasized that the right of federally recognized tribes – sovereign nations – to pursue economic development has been assured through court decisions, congressional legislation, treaties, etc. And because of this right, tribes and associations representing tribes have made their right to do business with payday loan companies a sovereignty issue, not…
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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…