your internet resource on facebook on twitter on Google+ on soundcloud
phone: 202 630 8439
Indian Law Online Master Degree - University of Tulsa College of Law
Advertise on Indianz.Com
Home > News > Headlines
Print   Subscribe
Blog: Internet lenders can longer hide behind tribal immunity

Filed Under: Business | Law | National
More on: cheyenne river sioux, ftc, immunity, payday loans

The Federal Trade Commission says Internet lenders in Indian Country must comply with federal consumer protection laws:
For years, a handful of sketchy payday lenders have been using purported affiliations with tribal lands to try to skirt federal and state laws. But courts and regulators have recently been cracking down on these operations, saying that a tribal connection does not shield a business from prosecution. One operation facing charges from the Federal Trade Commission has now agreed to pay nearly $1 million in penalties over charges that it illegally garnished borrowers’ wages and wrongfully sued them in tribal courts.

Back in 2011, the FTC sued Martin Webb, operator of various online payday lending operations, including Great Sky Financial and Western Sky, whose TV ads are likely familiar to regular viewers of cruddy daytime and late-night TV shows, for allegedly attempting to garnish borrowers’ wages without first obtaining a court order, in violation of the FTC Act.

These same companies were subsequently accused of suing borrowers in a South Dakota tribal court that had no jurisdiction over these loans. The tribal court has no jurisdiction over people who are not members of the tribe and who do not reside either on the reservation or elsewhere in South Dakota.

“Regardless of tribal affiliation, debt collectors must comply with federal law,” said Jessica Rich, Director of the FTC’s Bureau of Consumer Protection.

Get the Story:
Chris Morran: Payday Lenders Can’t Use Tribal Affiliation To Garnish Wages Without Court Order (The Consumerist 4/11)

Related Stories:
Indian-owned online lender enters settlement with Connecticut (4/10)

Copyright © Indianz.Com
More headlines...
Stay Connected:
On Facebook

On Twitter

On Google+

On SoundCloud
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
Senate committee to take up land-into-trust reform legislation (12/1)
Witnesses for SCIA hearing on Tribal Law and Order Act of 2010 (12/1)
Native Sun News: Northern Cheyenne Tribe welcomes governor (12/1)
Elizabeth Cook-Lynn: Trying to bridge racial divide in Rapid City (12/1)
Tom Cole/Betty McCollum: Doing what's best for Indian children (12/1)
Gyasi Ross: Native nations developed immigration policies too (12/1)
Mike Myers: Native youth are more than just election promises (12/1)
Native Sun News: Lakota swimmers promote healthy lifestyles (11/30)
Ivan Star Comes Out: Indoctrinated at Indian boarding school (11/30)
Brandon Ecoffey: President of tribal college takes aim at paper (11/30)
Bobbi Rose Nez: Big Brothers Big Sisters reaches Native youth (11/30)
Terry Brunner: USDA helping tribes build stronger economies (11/30)
Alice Soscia: Connecticut tribes share wealth with community (11/30)
Brigid Harrison: Lenni-Lenape Nation battles for recognition (11/30)
Supreme Court throws wrench into Native Hawaiian election (11/30)
Official in Paraguay fired for kicking Indian woman in stomach (11/30)
Jamul Indian Village slated to open $390M casino in July 2016 (11/30)
Native Sun News: Tribal member speaks out against fracking (11/27)
Lakota Country Times: Rosebud mothers address meth issues (11/27)
Tim Giago: Walk a mile in the moccasins of Native Americans (11/27)
Vince Two Eagles: Focus on being thankful this holiday season (11/27)
Native Sun News: Keystone fighters celebrate permit's defeat (11/27)
Kevin Leecy: Tribes remain a vital segment of our community (11/27)
Steven Newcomb: Even media treats our nations as 'nothing' (11/27)
Ray Cook: Thanksgiving flies in the face of original Americans (11/27)
Terese Mailhot: Racism prevails in American popular culture (11/27)
Ilya Somin: Persistent 'myth' justified taking of Indian lands (11/27)
Ak-Chin Indian Community sued for same-sex marriage ban (11/27)
Cahuilla Band celebrates new travel center at gaming facility (11/27)
Opinion: Don't break promise to Mashpee Wampanoag Tribe (11/27)
Native Sun News: Family questions FBI on reservation death (11/25)
Lakota Country Times: Rosebud students earn top scholarship (11/25)
Brandon Ecoffey: Making a difference for people on Pine Ridge (11/25)
Yurok Tribe: Mourning the passing of 'visionary' Troy Fletcher (11/25)
Ned Blackhawk: Supreme Court case jeopardizes tribal rights (11/25)
Steve Russell: The real origins of the world's terrorism crisis (11/25)
Ramona Peters: Sharing a Wampanoag story of Thanksgiving (11/25)
Yatibaey Evans: Let's all teach the truth about Native history (11/25)
Martie Simmons: Every Native parent dreads this time of year (11/25)
Eric Metaxas: The 'miracle' of Squanto and first Thanksgiving (11/25)
Presidential Medal of Freedom presented to late Billy Frank Jr (11/25)
Oneida Nation opens first branch location of tribal-owned bank (11/25)
Virginia tribes continue to pay tribute required by 1677 treaty (11/25)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.