Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Court: Indian Lending Companies Subject to Federal Probe


January 23, 2017

A federal appeals court says lending companies operated by Native American tribes are subject to investigation by a government regulator.

The 9th U.S. Circuit Court of Appeals in San Francisco on Friday rejected a claim by three tribes that their lending companies were protected by tribal sovereignty from investigation by the Consumer Financial Protection Bureau.


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