California Appellate Court Rules Tribal Pay Day Loan Companies Entitled to Sovereign Immunity

California Appellate Court Rules Tribal Pay Day Loan Companies Entitled to Sovereign Immunity

On January 21, 2014, the Ca Court of Appeals held in individuals v. Miami Nation Enterprises that California’s Department of company Oversight could maybe maybe not sue Miami Nation companies (MNE) or SFS, Inc. for providing pay day loans to state residents in breach associated with California Deferred Deposit Transaction Law. MNE is definitely an enterprise of this Miami country of Oklahoma and SFS is an enterprise regarding the Santee Sioux Tribe of Nebraska. The court ruled that both MNE and SFS had been hands of these particular tribes and so eligible for sovereign resistance.

We now have formerly reported on associated payday lending problems 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”). Sigue leyendo