More: online lending

Trump administration signals major changes for tribal lending industry
Business | Law | National | Politics
Trump administration signals major changes for tribal lending industry (January 19, 2018)
Indian Country advocates are praising the Trump administration for dropping a case that targeted the tribal lending industry.

Supreme Court shakes up docket by accepting sovereignty case at request of tribe
Business | Law | National
Supreme Court shakes up docket by accepting sovereignty case at request of tribe (December 11, 2017)
The U.S. Supreme Court has been relatively uneventful so far for Indian Country but a little shakeup is on the way.

Agency that targets tribal lenders faces leadership test as rivals claim control
Business | Law | National | Politics
Agency that targets tribal lenders faces leadership test as rivals claim control (November 27, 2017)
A leadership struggle is emerging at the Consumer Financial Protection Bureau, the independent federal agency that has targeted tribal lenders.

Tribes see opening under Trump to reshape agency that targets lending industry
Business | Law | National | Politics
Tribes see opening under Trump to reshape agency that targets lending industry (November 17, 2017)
The leader of an independent federal agency that has targeted the tribal lending industry will be stepping down, opening the door for President Donald Trump to reshape its efforts.

Key Trump advisor presses new administration on rules for online lenders
Business | National | Politics
Key Trump advisor presses new administration on rules for online lenders (August 2, 2017)
Are the rough days of the online lending industry coming to an end under the Trump administration?

Chippewa Cree Tribe set to recover $2.5M from online lending firm
Business | Law
Chippewa Cree Tribe set to recover $2.5M from online lending firm (May 4, 2017)
The guilty pleas are the latest to emerge from a wide-ranging corruption investigation on the Rocky Boy's Reservation in Montana.

Native American Financial Services Association hires new director
Business | National
Native American Financial Services Association hires new director (September 28, 2016)
Gary 'Litefoot' Davis joins the organization amid heightened scrutiny of the tribal lending industry.

Harold Monteau: Tribal lending industry facing major challenges
Business | Opinion
Harold Monteau: Tribal lending industry facing major challenges (August 26, 2016)
The Tribal Lending Industry is now weathering a 'Perfect Storm' of Private Civil Litigation, CFPB enforcement actions and Criminal Indictments.

Tribal lenders face pressure as new rule aims to end 'debt traps'
Business | Law | National | Politics
Tribal lenders face pressure as new rule aims to end 'debt traps' (June 7, 2016)
The Consumer Financial Protection Bureau released a 1,341-page proposal that imposes standards on all lenders, including those operated by tribes.

Lending firm accused of stealing $3.5M from Chippewa Cree Tribe
Business | Law | National
Lending firm accused of stealing $3.5M from Chippewa Cree Tribe (April 13, 2016)
The case stems from a long-running investigation into corruption on the Rocky Boy's Reservation in Montana.

Chippewa Cree Tribe yet to emerge from wide-ranging scandal
Business | Law | National
Chippewa Cree Tribe yet to emerge from wide-ranging scandal (March 29, 2016)
The U.S. Attorney's Office in Montana has uncovered a significant number of crimes on the Rocky Boy's Reservation in the last few years.

Miami Nation agrees to forfeit $48M from online lending business
Business | Law | National
Miami Nation agrees to forfeit $48M from online lending business (February 11, 2016)
The Oklahoma tribe admitted it acted as a front for Scott Tucker and Timothy Muir, two men charged with running an illegal $2 billion lending enterprise.

4th Circuit won't recognize tribal authority in online lending case
Business | Law | Technology
4th Circuit won't recognize tribal authority in online lending case (February 3, 2016)
An arbitration agreement that subjected consumers to the laws of the Cheyenne River Sioux Tribe cannot be enforced, the court determined.

Lac Vieux Desert Band bolsters lending business with acquisition of service firm
Business | Technology
Lac Vieux Desert Band bolsters lending business with acquisition of service firm (January 27, 2016)
Chairman James Williams said the purchase will enable the tribe to continue growing its economy.

Chippewa Cree Tribe received $420M in federal funds over five years
Business | Law
Chippewa Cree Tribe received $420M in federal funds over five years (December 3, 2015)
Tribal leaders, employees and associates have stolen millions of dollars through various theft, embezzlement and bribery schemes on the reservation.

Plea deal entered in Chippewa Cree Tribe online lending case
Business | Law
Plea deal entered in Chippewa Cree Tribe online lending case (November 17, 2015)
Neal Rosette and Billi Anne Morsette are admitting to bribery, theft and income tax charges and have agreed to repay the tribe a total of $1.2 million.

Editorial: Otoe-Missouria Tribe's lending operation is a 'scam'
Business | Law | Opinion | Technology
Editorial: Otoe-Missouria Tribe's lending operation is a 'scam' (September 14, 2015)
Tribal sovereignty is a limited right to self-government; it is not a right to intrude on another state's right to govern itself.

More executives targeted in Chippewa Cree Tribe criminal probe
Business | Law
More executives targeted in Chippewa Cree Tribe criminal probe (August 31, 2015)
Three executives disclosed the investigation as part of a civil lawsuit filed against them by the tribe.

Former executives charged with theft from Chippewa Cree Tribe
Business | Law
Former executives charged with theft from Chippewa Cree Tribe (August 26, 2015)
Neal Rosette and Billi Anne Morsette are accused of writing checks to themselves and to entities controlled by a former chairman of the tribe.

Chippewa Cree Tribe slams online lending lawsuit as 'baseless'
Business | Law
Chippewa Cree Tribe slams online lending lawsuit as 'baseless' (August 5, 2015)
The tribe reportedly only received 4.5 percent of the revenues from Plain Green Loans.

Florida court dissolves injunction in Indian online lender case
Business | Law
Florida court dissolves injunction in Indian online lender case (August 3, 2015)
Western Sky Financial and its partners were ordered to place loan proceeds into a registry plus deposit another $1 million in reserve but those requirements have been lifted.

Tribal lenders praise Treasury Department study of industry
Business | Law | National
Tribal lenders praise Treasury Department study of industry (July 20, 2015)
The Native American Financial Services Association represents tribes with online lending operations.

Treasury Department seeks comments about online lending
Business | Law | National
Treasury Department seeks comments about online lending (July 17, 2015)
Tribes have attracted nationwide attention by establishing online lending operations on their lands.

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