News & Analysis as of

Predatory Lending Tribal Governments

Troutman Pepper

FTC Issues Report on Consumer Issues Affecting American Indian and Alaska Native Populations

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On March 15, the Federal Trade Commission (FTC) submitted a report to Congress discussing its findings regarding the frauds, scams, and bad business practices that affect American Indian and Alaska Native (AI/AN) communities...more

Saul Ewing LLP

Second Circuit Decision has Implications for Native American Sovereign Immunity and Predatory Lending Practices

Saul Ewing LLP on

On April 24, 2019, the U.S. Court of Appeals for the Second Circuit issued its decision in the case of Gingras v. Think Finance, Inc., 2019 WL 1780951 (2d Cir. April 24, 2019), a decision with far-reaching implications on...more

Troutman Pepper

Federal Court Agrees With Magistrate That Whether A Tribal Lender Is A For-Profit Corporation Is A Triable Issue Of Fact

Troutman Pepper on

On March 7, 2014, the United States District Court for the District of Nevada in Federal Trade Commission (the FTC) v. AMG Services, Inc., et al. granted a partial victory to Indian tribal payday lenders in their ongoing...more

Allen Matkins

Tribal Sovereign Immunity Protects Payday Lenders From State Enforcement

Allen Matkins on

Last year, the Commissioner of Business Oversight issued several alerts warning consumers that it has received complaints with respect to unlicensed firms offering payday (deferred deposit) loans in California. The common...more

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