Arts, Books, Entertainment, Film, Music
Cobell Lawsuit & Settlement
Education in Indian Country
Federal Recognition Database
Health, Indian Health Service
Indian Law, Tribal Law
Politics and Policy
New York tells Indian Country payday firms to stop business
Posted: Tuesday, August 6, 2013
The state of New York is telling payday lenders in Indian Country to stop doing business with consumers in the state.
Gov. Andrew Cuomo
(D) says the firms are offering loans with interest rates that are illegal in the state. “Illegal payday lenders swoop in and prey on struggling families when they’re at their most vulnerable – hitting them with sky-high interests rates and hidden fees,”
the governor said in a press release
The state sent cease and desist letters to 35 online lenders, including several that are chartered by tribes or owned by individual tribal members.
Get the Story:
DealBook: New York Tells Online Lenders to Abide by State’s Interest Rate Cap
(The New York Times 8/5)
FTC claims victory over payday lenders chartered by tribes
Join the Conversation
202 630 8439 (THEZ)
Trending in News
Tribes rush to respond to new coronavirus emergency created by Trump administration
'At this rate the entire tribe will be extinct': Zuni Pueblo sees COVID-19 cases double as first death is confirmed
Arne Vainio: 'A great sickness has been visited upon us as human beings'
Arne Vainio: Zoongide'iwin is the Ojibwe word for courage
Cayuga Nation's division leads to a 'human rights catastrophe'
Steven Newcomb: Freeing tribes from centuries of colonialism
Nez Perce Tribe attempts to block megaload from reservation