More: payday lenders

FTC accuses Indian payday loan company of unfair practices
FTC accuses Indian payday loan company of unfair practices (March 7, 2012)

The Federal Trade Commission filed an amended complaint in federal court today, accusing an Indian-owned payday loan company of unfair and deceptive practices. Martin A. Webb, a member of the...


Tribes slam 'declaration of war' on online lending businesses
Tribes slam 'declaration of war' on online lending businesses (March 7, 2012)

An Obama administration official has issued a "declaration of war" on payday loan businesses in Indian Country, according to one tribal leader. Responding to pressure from state governments, Richard Cordray...


Colorado lobbies Obama administration on tribal payday loans
Colorado lobbies Obama administration on tribal payday loans (March 6, 2012)

Colorado Attorney General John Suthers is pressing the Obama administration to look into payday loan companies owned by tribal governments. Suthers said he has given documents about tribal payday loan...


Opinion: Tribes still have a right to govern their   own affairs
Opinion: Tribes still have a right to govern their own affairs (February 20, 2012)

"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 tribes allowing them immunity to...


Delvin Cree: Predatory lending a   cash cow in Indian Country
Delvin Cree: Predatory lending a cash cow in Indian Country (February 17, 2012)

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 kind...


Oklahoma regulators looking at tribal payday lending firms
Oklahoma regulators looking at tribal payday lending firms (January 30, 2012)

Regulators and law enforcement officials in Oklahoma say they are still looking at payday lending companies owned by the Modoc Tribe and the Miami Nation. The tribes operate on the...


Interview: Jonathan Windy Boy talks about payday lending
Interview: Jonathan Windy Boy talks about payday lending (January 30, 2012)

"Indian Country Today Media Network recently spoke with Montana State Senator Jonathan Windy Boy (D–Box Elder), Plain Green’s policy advisor, to shed some light on Plain Green and its membership...


Payday lender owned by Cheyenne River Sioux man loses case
Payday lender owned by Cheyenne River Sioux man loses case (November 17, 2011)

A payday lending business that is owned by a member of the Cheyenne River Sioux Tribe cannot claim sovereign immunity, a court in West Virginia ruled. Martin A. Webb offers...


Only nine complaints unresolved against tribal   loan firms
Only nine complaints unresolved against tribal loan firms (October 25, 2011)

Payday lending companies owned by tribes have been making headlines but regulators in Oklahoma say they have been able to informally resolve consumer complaints. Due to sovereign immunity, the Oklahoma...


CBS: Tribes shielded from state law  with payday lending business
CBS: Tribes shielded from state law with payday lending business (September 27, 2011)

"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-growing business online,...


Two  tribes in Oklahoma   hit with complaints over payday lending
Two tribes in Oklahoma hit with complaints over payday lending (September 27, 2011)

Seven businesses owned two tribes in Oklahoma represent 30 percent of the complaints filed against payday lenders, News on 6 reports. The Better Business Bureau in Tulsa has received more...


Center: Tribes bankroll auto racer with payday loan business
Center: Tribes bankroll auto racer with payday loan business (September 26, 2011)

"Scott Tucker used stealth to become a millionaire. Now the mysterious businessman from Kansas is spending his fortune to become a famous auto racer. Though Tucker has not won any...


The Street: NAFCC   defends payday lenders in Indian Country
The Street: NAFCC defends payday lenders in Indian Country (July 13, 2011)

"The Native American Fair Commerce Coalition (NAFCC) describes itself as an advocacy group comprising "like-minded tribes and tribal members that are committed to protecting the sovereign rights of Native Americans...


TheStreet: Payday lenders  a growing business in  Indian Country
TheStreet: Payday lenders a growing business in Indian Country (July 6, 2011)

"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 payday loan businesses chartered there. Proponents...


Tanya Fiddler: Payday loans  and  traditional tribal values
Tanya Fiddler: Payday loans and traditional tribal values (April 22, 2011)

"It is important to arm our people with the knowledge to combat predatory lenders. It is common for predatory lenders, those with outrageous fees and extraordinarily high interest rates, to...


Center: Maryland disputes payday lender run  by tribal member
Center: Maryland disputes payday lender run by tribal member (March 22, 2011)

"Western Sky Financial’s website features a logo with three teepees and a toll-free number for customers to apply for an overnight loan. A notice at the bottom of the page...


Opinion: Payday lenders hide behind tribal sovereign immunity
Opinion: Payday lenders hide behind tribal sovereign immunity (February 14, 2011)

"A curious situation came to the attention of regulators some five years ago as they were looking into complaints about online payday lenders. The folks who were doing the lending...


Payday lenders a new revenue stream for some in Indian Country
Payday lenders a new revenue stream for some in Indian Country (February 10, 2011)

Payday lenders are a growing business in Indian Country, according to the Wall Street Journal. Of the 300 companies making payday loans online, 35 are owned by tribes, a consultant...


Center: Payday lenders turning to tribes to avoid state jurisdictions
Center: Payday lenders turning to tribes to avoid state jurisdictions (February 7, 2011)

"In the battle to shield themselves from lawsuits and government oversight, some high-interest payday lenders have found unlikely allies: Native American tribes. image In legal fights in California, New Mexico,...