Banking Department States Tribal Payday Lending Organizations Don’t Have Sovereign Immunity
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Connecticut’s Department of Banking has figured two lending that is payday owned by the Otoe-Missouria Tribal country aren’t protected by sovereign resistance and that can be pursued by the division for violating Connecticut’s lending rules guaranteedinstallmentloans.com/. Banking Commissioner Jorge Perez concluded May 6 that the 2 businesses, Great Plains and Clear Creek, are not arms associated with the tribe and that its Chief John Shotton “does not need tribal sovereign immunity from either the monetary penalties or prospective injunctive relief.”