Tribal-Land Pay Day Loans Spark Reservations

Tribal-Land Pay Day Loans Spark Reservations

) — the initial nature of indigenous American reservations, as lands that run as “tribal enterprises” with sovereign rights, has generated an increase in alleged cash advance organizations chartered here.

Proponents and opponents alike of these loans, and similar alternative financing offerings, are viewing to see whether or not the Dodd-Frank Act and its particular slate of economic reforms will rein this kind of enterprises that have mostly escaped the reach of state regulators and customer lending guidelines. Read more