Kategorie: Connecticut Bad Credit

In reaction to complaints that the Tucker Payday Lenders had been expanding loans that are abusive

In reaction to complaints that the Tucker Payday Lenders had been expanding loans that are abusive

The Sham Tribal Ownership of this Company

In breach of the usury rules, a few states started initially to investigate the Tucker Payday Lenders. A legal doctrine that, among other things, generally prevents states from enforcing their laws against Native American tribes to thwart these state actions, TUCKER devised a scheme to claim that his lending businesses were protected by sovereign immunity. Starting in 2003, TUCKER joined into agreements with a few indigenous American tribes (the “Tribes”), such as the Santee Sioux Tribe of Nebraska, the Miami Tribe of Oklahoma, in addition to Modoc Tribe of Oklahoma. The objective of these agreements would be to result in the Tribes to claim they owned and operated areas of TUCKER’s payday financing enterprise, making sure that whenever states desired to enforce rules prohibiting TUCKER’s loans, TUCKER’s financing companies would claim become protected by sovereign resistance. (mehr …)

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