Court Choice Signals End of Faux Tribal Payday Lending

Court Choice Signals End of Faux Tribal Payday Lending

Washington – The Second Circuit Court of Appeals in a choice today against Think Finance plus the officers of Plain Green Loans has made magnificent that online tribal payday loan providers must conform to state rate of interest restrictions, licensing regulations as well as other state guidelines, and certainly will be sued through their officers for injunctive relief when they usually do not.

“This choice seems the death knell for tribal lending that is payday” said Lauren Saunders, connect manager of this nationwide customer Law Center. Continue reading