“Tribal Immunity” May No Longer Be a Get-Out-of-Jail Free Card for Payday Lenders

Payday loan providers aren't anything or even innovative within their quest to use away from bounds associated with legislation. As we’ve reported before, an ever-increasing wide range of online payday lenders have recently desired affiliations with indigenous American tribes in order to make use of the tribes’ unique status that is legal sovereign countries. Associated with clear: genuine tribal companies are entitled to “tribal immunity, ” meaning they can’t be sued. If your payday loan…