On January 21, 2014, the Ca Court of Appeals held in People v. Miami Nation Enterprises that California’s Department of company Oversight could maybe maybe maybe not sue Miami Nation companies (MNE) or SFS, Inc. for providing pay day loans to state residents in breach for the Ca Deferred Deposit Transaction Law. MNE is an enterprise of this Miami Nation of Oklahoma and SFS is definitely an enterprise regarding the Santee Sioux Tribe of Nebraska. The court ruled that both MNE and SFS were hands of these particular tribes and therefore eligible for sovereign resistance.
We now have formerly reported on relevant lending that is payday in General Memoranda 12-037 of March 9, 2012 (“Colorado Supreme Court Holds that Two Tribal Payday Loan organizations Have Tribal Immunity”) and 13-068 of August 1, 2013 (“Federal Trade Commission Settles on line Payday Lending Suit expanding Its Jurisdiction in Indian Country”). Pokračování textu California Appellate Court Rules Tribal Cash Advance Companies Eligible For Sovereign Immunity