Federal judge dismisses tribal chairman's lawsuit against banking regulators

Shotton sued former Connecticut Banking Commissioner Howard Pitkin and Acting Commissioner Bruce Adams, claiming he was fined without any due process or the ability to defend himself. He also claimed the tribe's sovereign status should protect him from prosecution in Connecticut.

In a statement, Adams called Heaton's rulling “well-reasoned.”

“We look forward to litigating the real issues in Connecticut state court. This case is not about tribal immunity from suit — it is about whether Connecticut has the sovereign power to enforce its laws within its borders,” Adams said. “All one needs to do to demonstrate the fundamental unfairness of the tribal lending companies position is to flip the facts around. Imagine the public reaction if Connecticut set up an Internet company to violate the Otoe-Missouria's own usury cap and started giving payday loans to tribal members.”

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