Tribe Payday Loans & Arbitration Agreements

By | Feb 8, 2016

It’s been legally established that federally recognized Native American Indian Tribes funding payday loans are entitled to their own laws and legal systems and generally don’t necessarily have to follow state or even federal laws. [There are exceptions such as TILA…] The payday loan lender Cheyenne River Sioux stipulate in their loan contract: “According to […]

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Tribe Business Enterprise Payday Loan Legal Update

By | Sep 15, 2014

If you have a serious interest in the tribe sovereign nation lending model, READ THESE. There are two. Dig deep and you’ll be rewarded! “With over one quarter of American Indians living in poverty, nearly twice the national average, it has never been more important to promote confidence in the American Indian economy — this confidence is […]

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Payday Loans:California Upholds Doctrine of Tribal Sovereign Immunity

By | Jan 21, 2014

California Court of Appeals: Applying the arm-of-the-tribe analysis as we directed in Ameriloan v. Superior Court (2008) 169 Cal.App.4th 81 (Ameriloan), the trial court dismissed for lack of subject matter jurisdiction this action by the Commissioner of the California Department of Corporations against five “payday loan” businesses owned by Miami Nation Enterprises (MNE), the economic […]

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Minnesota AG Attacks CashCall and Rent-a-Tribe Payday Loan Model

By | Jul 12, 2013

The Minnesota AG accuses CashCall and its subsidiaries, WS Funding and WS Financial, of operating while unlicensed, charging illegally high interest rates and unjust enrichment. The AG  also accuses them of fraudulently claiming loans are immune to Minnesota usury laws because Western Sky Financial –  the entity actually making these loans to Minnesota residents – […]

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Payday Loan Store-Front Businesses: More Ammunition

By | Jun 24, 2013

OETA did a piece on the Oklahoma payday loan industry. In the video, the DA makes the statement that he would prefer store-front payday loan lenders be allowed in the state with some restrictions rather than outlaw the industry and force Oklahoma payday loan consumers to solve their financial challenges with Internet companies. 13% of […]

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