Connecticut probes Oklahoma tribe’s pay day loan organizations

Connecticut probes Oklahoma tribe’s pay day loan organizations

An Oklahoma Indian tribe that the Connecticut Department of Banking claims operates two loan that is high-interest to make the most of strapped urban residents, has won at the least a wait in its battle against imposition of $800,000 in charges.

Whilst the tribe views the state that is recent Court ruling being a victory, it’ll be up to your banking division to consider other problems and determine whether or not to pursue further.

A judge recently remanded the presssing problem returning to the division. In the event that division really wants to pursue its instance resistant to the Otoe Missouria Tribe, of Red Rock in north-central Oklahoma, Banking Commissioner Jorge Perez would further have to investigate the links between your two businesses, Great Plains Lending, LLC and Clear Creek Lending. Continue reading “Connecticut probes Oklahoma tribe’s pay day loan organizations”