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Payday lender can't hide behind American Indian tribe status, judge rules
An Internet payday lender must comply with a state investigative subpoena into inflated loan interest rates despite the company's ties to a American Indian tribe, a Kanawha County judge ruled Wednesday.  Payday Loans4/30/2013
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Massachusetts officials want Las Vegas debt collector shut down
(Las Vegas) -- Massachusetts banking and consumer protection officials have ordered five payday lenders and their Las Vegas-based debt collector to stop taking payments...
4/29/2013
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Tribes' payday loans under scrutiny / Lenders charging up to 600% interest scrutinized
(California) -- Some Indian tribes are being paid to offer their sovereign immunity to payday lenders that are trying to dodge state regulations, U.S. officials say....
4/27/2013
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Beware tribal payday loans
(USA) -- High interest payday loans are seen by critics as a fast track to endless cycles of debt for borrowers. Are they a scam? Some would say yes, although they'...
2/26/2013
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Payday Loans Get U.S. Consumer Bureau Scrutiny as ‘Debt Traps’
(Washington D.C.) -- The U.S. Consumer Financial Protection Bureau is considering action to limit the impact of payday and other short-term loans that can become “...
2/16/2013
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I-Team: Western Sky Financial's practices called into question
(South Dakota) -- NBC 10's I-Team has uncovered the questionable practices of a loan company called Western Sky Financial.
1/4/2013
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Payday lenders agree to stop 'deceptive and illegal' practices
(Washington D.C.) -- Controversial lenders that claim to be owned by Indian tribes and offer payday loans over the Internet have agreed to stop practices that federal...
11/20/2012
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Tribal Member Facing Scrutiny Over Loan Business
(South Dakota) -- A member of the Cheyenne River Sioux Tribe is facing numerous state and federal lawsuits over his high-interest loan companies located in Timber Lake,...
11/18/2012
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Authorities target S.D. Internet lender
(South Dakota) -- With a population of 450, Timber Lake on the Cheyenne River Indian Reservation sits in one of the poorest and most remote counties in the country.
10/25/2012
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Internet payday lender from Cheyenne River Indian Reservation agrees to W.Va. refunds
(West Virginia) -- An Internet payday lender has agreed to stop making such loans in West Virginia. Attorney General Darrell McGraw's office says Payday Financial...
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McGraw settles case with South Dakota payday lender
(West Virginia) -- Attorney General Darrell McGraw recently announced the conclusion of a case where a Kanawha County circuit judge recently determined a payday lender...
9/20/2012
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BLOG: Will John Suthers Drag Down Romney's Presidential Hopes?
(Colorado) -- Among the many reasons Colorado Attorney General John Suthers could drag down Mitt Romney's presidential hopes -- Suthers covets a position running...
9/17/2012
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How Some Payday Lenders Charge Over 700% on Loans
(USA) -- A little known loophole is letting some payday loan companies dodge state laws and charge interest rates much higher than the states would otherwise allow, a...
8/24/2012
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American Web Loan to Expand Its Oklahoma Headquarters
(Oklahoma) -- American Web Loan, a leading nationally-respected online tribal financial services company wholly owned by the Otoe-Missouria Tribe of Indians and its...
8/13/2012
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Lending company owned by Oklahoma tribe generates complaints
(Oklahoma) -- The state Department of Consumer Credit has received official complaints against another online payday loan company owned by an Oklahoma Indian tribe.
8/12/2012
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Lending company owned by Oklahoma tribe generates complaints
(Oklahoma) -- The state Department of Consumer Credit has received official complaints against another online payday loan company owned by an Oklahoma Indian tribe.
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U.S. Senate bill aims at online payday lending
(Colorado) -- On July 24, three U.S. senators introduced a bill that calls for cracking down on the worst practices of the online payday lending industry.
7/20/2012
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Moore Report: Tribal loan sharks are preying on the vulnerable
(Alaska) -- Do you ever check out the fine print on TV ads? I do. Every time I see a political ad on TV, making some outrageous claim or other, I always grab the remote...
7/18/2012
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Turtle Mountain tribe launches online loan service
(North Dakota) -- The Turtle Mountain Band of Chippewa has teamed up with a financial service company run by a former Google executive to launch an online lending...
7/17/2012
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Native American Lenders Launch Self-Regulatory Best Practices
(Washington D.C.) -- Native American Financial Services Association (NAFSA) Offers Transparent and Straightforward Guidelines to Protect Consumers and Sovereignty
7/10/2012
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Payday loans the latest venture for Chukchansi tribe
(California) -- Faced with declining casino revenues and massive IOUs, the Picayune Rancheria of the Chukchansi Indians has embarked on a new moneymaking venture --...
7/6/2012
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BLOG: Big Data for the Poor
(New York) -- ZestCash, founded in 2006, had a winning idea, in principle. It made loans to borrowers with poor credit scores by using complex data analysis to better...
6/27/2012
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Groups join forces to protect Native American lenders
(Washington D.C.) -- Two Native American groups that have pushed back against criticism of American Indian payday lenders are joining forces. The Native American Lending...
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Tribal Nations Unite to Defend Sovereign Rights
(Washington D.C.) -- Native American Tribes from across the United States have joined together to announce the formation of the Native American Financial Services...
6/8/2012
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Two Oklahoma Tribes’ Payday Loan Operations Cited in FTC Complaint
(Nevada) -- A federal court in the state of Nevada has been fully briefed on a Federal Trade Commission complaint that alleges two American Indian tribes in Oklahoma are...
6/7/2012
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Two Oklahoma tribes' payday loan operations cited in FTC complaint
(Nevada) -- A federal court in the state of Nevada has been fully briefed on a Federal Trade Commission complaint that alleges two American Indian tribes in Oklahoma are...
6/4/2012
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Payday Lenders and Indian Tribes Evading Laws Draw Scrutiny
(Washington D.C.) -- U.S. regulators and Congress are scrutinizing partnerships between Native Americans and outside investors in online payday lending businesses...
5/22/2012
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Native American Groups Applaud California Court Decision Supporting Tribal Sovereign Immunity
(Washington D.C.) -- Both the Native American Lending Alliance (NALA) and the Native American Fair Commerce Coalition (NAFCC) applaud the Superior Court of California...
5/17/2012
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Indian tribe ‘employee’ thrives on payday loans
(Missouri) -- While Missouri’s many brick-and-mortar payday loan shops have been the focus of public ire and reform efforts over the last few years, an even more...
4/11/2012
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Class Fights 'Rent-a-Tribe' Payday Loans
(Kansas) -- A federal RICO class action claims the owner of a payday loan company, a felon, used a "rent-a-tribe" scheme to avoid civil and criminal liability...
4/5/2012
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ALMS: FTC Investigating Tucker, Level 5
(California) -- In a developing story that SPEED.com has been monitoring this week, the future of Level 5 Motorsports could be in jeopardy following a recent motion set...
4/4/2012
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2 Okla. tribes' loan companies subject of lawsuit
(Oklahoma) -- The Federal Trade Commission has filed a lawsuit against several Oklahoma tribes, claiming their payday loan companies are operating illegally.
4/3/2012
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FTC: Payday Lender Can't Avoid Prosecution By Claiming Tribal Affiliation
(Colorado) -- A Colorado payday loan operation that allegedly piled on undisclosed and inflated fees — and which attempted to avoid prosecution by claiming...
4/2/2012
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Federal Trade Commission seeks to shut down tribes' online payday businesses
(Washington D.C.) -- The Federal Trade Commission is seeking to shut down an online payday lending operation that involves two Oklahoma Indian tribes after consumers...
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FTC files suit against payday lending operation claiming tribal affiliation
(Washington D.C.) -- The Federal Trade Commission filed suit Monday against an online payday-lending operation that has claimed American Indian tribal affiliations to...
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FTC targets alleged payday scam, race car driver
(Washington D.C.) -- A payday lending operation that offers quick cash over the Internet to desperate people, and the race-car driver allegedly running it, are under...
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Las Vegas auto racer sued by feds in alleged payday loan scam
(Washington D.C.) -- Las Vegas-based race car driver Scott Tucker and his brother were sued by federal regulators Monday over allegations they had scammed consumers who...
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Tribal payday lender sued by Federal Trade Commission
(Washington D.C.) -- The Federal Trade Commission today took up a case that had thwarted state authorities for years, accusing an Internet payday lender with ties to...
3/12/2012
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The Native American tribes respond to Director Cordray
(Colorado) -- Chris Willis’ recent post referred to the fact that Director Cordray during the Q&A session after his speech to NAAG disparaged Internet payday...
3/11/2012
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Column: Payday loan disaster: A holiday splurge leads to a 651% interest rate
(Washington D.C.) -- It was holiday generosity that ultimately led Tyrone Newman to make a desperate deal. And who could blame him?
3/8/2012
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COLUMN: Payday loan disaster: A holiday splurge leads to a 651% interest rate
(Washington D.C.) -- It was holiday generosity that ultimately led Tyrone Newman to make a desperate deal. And who could blame him?
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FTC Goes After Payday Lender that Used Tribal Court for Debt Collection Suits
(Washington D.C.) -- The Federal Trade Commission announced Wednesday that it has expanded its case against an allegedly deceptive payday lender, charging that it sought...
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Tribes slam 'declaration of war' on online lending businesses
(Washington D.C.) -- An Obama administration official has issued a "declaration of war" on payday loan businesses in Indian Country, according to one tribal...
3/7/2012
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FTC Charges Payday Lender For Illegally Suing Before Tribal Court
(Washington D.C.) -- The Federal Trade Commission expanded its case against an allegedly deceptive payday lender, charging that it sought to unfairly and deceptively...
3/6/2012
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Consumer Bureau ‘Zoning In’’ on Tribal Payday Firms
(Washington D.C.) -- U.S. Consumer Financial Protection Bureau Director Richard Cordray said his agency is prepared to use federal authority to crack down on payday...
2/27/2012
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Colo. judge issues new ruling in payday lending case against Indian tribes
(Colorado) -- A judge in Denver now says he misunderstood key evidence when he ruled that two payday lenders operating on the Internet were beyond the reach of state...
2/25/2012
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Column: The phantom menace of tribal payday lenders
(USA) -- The economy of the country is under a lot of stress given the current financial situation and the rising mountain of public debt. Different lines of credit,...
2/23/2012
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BLOG: Tribal Sovereign Immunity Applies to Commercial Transactions
(Colorado) -- The U.S. District Court in Colorado recently held that Miami Nations' tribal sovereign immunity applied to both governmental and commercial activities...
2/18/2012
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Column: Native Americans Get the Last Laugh on Government Regulation
(Colorado) -- In a ruling that I’ve followed closely because of my interest in the short-term cash advance industry, a Colorado court has sided with Native American...
2/17/2012
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Court rules in favor of tribes operating online payday loans
(Colorado) -- The Colorado Attorney General's office can no longer investigate two American Indian tribes offering online payday loans, according to a court ruling...
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CREE: Predatory lending a cash cow in Indian Country
(North Dakota) -- The new cash cow for Indian tribes is predatory lending. Some do it - some don't; in a sense, I don't know why any tribe would want to this...
2/15/2012
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Indian tribes welcome ruling on sovereignty
(Colorado) -- A coalition of Indian tribes is welcoming a court ruling that tribes cannot be held in contempt for commercial ventures such as personal loans offered over...
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Tribes’ Payday Loan Operations Upheld
(Colorado) -- Although the courts and others may question tribes’ acceptance of their non-Native business operators’ activities, the skepticism may be a...
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Indian tribes tied to payday lender escape state probe
(Utah) -- Two Indian tribes making payday loans over the Internet, even in states that ban or restrict payday lending, won a court victory Tuesday when a Denver judge...
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Native American Fair Commerce Coalition Cites Pair of Recent Governmental Actions as Showing Signs of Promise for Tribal Sovereignty
(Washington D.C.) -- The Native American Fair Commerce Coalition (NAFCC), a representative organization comprised of like-minded tribes and tribal members that are...
2/14/2012
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Native American Lending Alliance Applauds Colorado Court's Sovereign Immunity Affirmation
(Colorado) -- The State District Court in Colorado gave sovereign immunity a big win today in their ruling of Cash Advance v State of Colorado. Following the ruling,...
1/29/2012
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Tribe-owned lending companies collect thousands of complaints
(Oklahoma) -- The state attorney general's office is watching the activities of two eastern Oklahoma tribes involved in the high-interest, online lending industry.
1/28/2012
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Montana Senator Sheds Light on Chippewa Cree’s Plain Green Loans
(Montana) -- Because of growing restrictions on payday loans, banks and payday lenders are teaming up with American Indian businesses. Indian country offers a loophole,...
1/20/2012
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Analysis: U.S. payday lenders point fingers to blunt crackdown
(Washington D.C.) -- Payday lenders facing oversight from the new consumer protection agency are warning that tough regulations may push customers into the arms of...
12/31/2011
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Tribe’s high-interest online lending venture booms
(Montana) -- An Indian reservation in the heart of Montana’s farm country may seem an unlikely place to borrow a quick $600, but the Chippewa Cree tribe says it...
12/30/2011
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BLOG: Payday Loans Head to the Indian Reservations
(Montana) -- As the feds and the states try to regulate payday lending out of existence, lenders are following the lead of other disfavored industries—like...
12/28/2011
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GOP candidate for governor seeks investigation of tribal lending business
(Montana) -- A Republican gubernatorial candidate is calling on Montana's attorney general to investigate an online lending business run by the Chippewa Cree tribe...
12/26/2011
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Tribe's high-interest online lending venture booms
(Montana) -- An Indian reservation in Montana may seem an unlikely place to borrow a quick $600. But the Chippewa Cree tribe says its new online lending company has...
12/22/2011
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Courts debate validity of Indian-owned payday lenders
(Colorado) -- A six-year legal struggle by Colorado authorities to shutter a business making questionable payday loans over the Internet may soon come to an end.
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Federal Trade Commission investigating online payday lender profiled by CBS News
(Colorado) -- An online payday lending business, the subject of a CBS News/Center for Public Integrity investigation in September, is now under investigation by the...
12/20/2011
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Courts debate validity of Indian-owned payday lenders
(Colorado) -- A six-year legal struggle by Colorado authorities to shutter a business making questionable payday loans over the Internet may soon come to an end.
11/16/2011
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Internet payday lender loses bid to avoid subpoena
(West Virginia) -- A Kanawha County judge has ordered an Internet payday lender whose owner is affiliated with an American Indian tribe to comply with a state subpoena...
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Payday lender can't hide behind American Indian tribe status, judge rules
(West Virginia) -- An Internet payday lender must comply with a state investigative subpoena into inflated loan interest rates despite the company's ties to a...
10/31/2011
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COMMENTARY: The Last Enclaves of Banking Freedom
(Washington D.C.) -- To a hammer, everything looks like a nail. To the army of regulators in the Obama administration, every lender looks like a potential problem that...
10/25/2011
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Regulators in dispute over internet payday loans by tribes
(Oklahoma) -- Internet payday loan companies owned by Oklahoma Indian nations are coming into conflict with state regulators, a dispute that some say endangers consumers...
10/18/2011
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Kansas businessman at center of court fight on payday loan companies
(Kansas) -- As a successful driver on the international sports car circuit, Scott Tucker is used to checking his rear-view mirror to see who's behind him.
9/30/2011
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CHECKERED PAST: The ex-convict payday lender who’s using his fortune to become a racing star
(Kansas) -- Scott Tucker used questionable business practices to become a millionaire. Now the mysterious and secretive businessman from Kansas is spending his fortune...
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Coalition takes issues with senator's 'loan sharks' comment
(Washington D.C.) -- The Native American Fair Commerce Coalition has responded to comments by Oklahoma state Sen. Rick Brinkley, R-Owasso, that American Indian tribes...
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In trouble from an online payday loan? You might not have to repay it
(Oklahoma) -- Wayne Coons felt a sense of panic when he realized that the $350 payday loan he got over the Internet was costing him hundreds of dollars more than he...
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The Native American Fair Commerce Coalition Responds to Oklahoma State Senator Rick Brinkley's Comments Expressed on the CBS News Online Short Term Loan Segment Broadcast of Monday, September 26
(Washington D.C.) -- The Native American Fair Commerce Coalition (NAFCC), a representative organization comprised of like-minded tribes and tribal members that are...
9/28/2011
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The latest report reveals that few online payday loan companies charge high APR from 600 to 1,800 percent .
(Oklahoma) -- Recently a research was made on the tribal owned payday loan companies (TULSA, Oklahoma). The report says that 30 percent of payday loan complaints that...
9/26/2011
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Complaints Filed Against Miami-Area Tribal Payday Loan Companies
(Oklahoma) -- An investigation of tribal-owned payday loan companies operating in Oklahoma finds that 30 percent of all the payday loan complaints filed at the Better...
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How "payday" lenders pull off crippling rates
(Kansas) -- For Americans struggling in this economy, an advance on a paycheck can be a lifeline. These advances - also known as payday loans - have become a fast-...
7/18/2011
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Payday Lending A Tribal/State Battle?
(USA) -- The squabbling over the connection between payday lenders and tribes has taken an interesting turn as it has now been framed as a tribal sovereignty/states...
7/6/2011
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Tribal-Land Payday Loans Spark Reservations
(USA) -- The unique nature of Native American reservations, as lands that operate as "tribal enterprises" with sovereign rights, has led to a rise in so-called...
4/15/2009
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OP/ED: A payday loan loophole / Payday lenders seek to avoid regulations by claiming affiliations with Midwest Indian tribes.
(California) -- Payday lenders are the bottom-feeders of the financial industry, offering short-term loans with high fees to borrowers who typically live from paycheck...
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