CT ruffles tribal feathers with online loan ban that is payday

CT ruffles tribal feathers with online loan ban that is payday

Editor’s Note: On Friday, per day following this tale went along to press, the Oklahoma tribe as well as its president filed an appeal in Connecticut state court.

Connecticut recently slammed the entranceway on an Oklahoma Indian tribe’s tries to ply needy residents with ultra-high-interest “payday loans” via the net, a move which have opened a portal that is new the appropriate debate over whether or perhaps not Indian tribes must follow state consumer-lending laws and regulations.

In just one of his last functions before retiring as state banking commissioner, Howard F. […]