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JDSupra-DOJ Assumes On Tribal Lending: In The Indictments Legislation

DOJ Department of Justice Centers Around Tribe Sovereign Nation Lending Model

The tribe payday loan lending model is being heavily scrutinized between attacks by the CFPB and the Department of Justice. When set-up correctly, and if the tribe experiences a real interest that is beneficial the lending enterprise, the “Sovereign Model” can nevertheless seem sensible.

Furthermore, let’s not forget the disruption that is latest brought on by Madden vs Midland additionally the old theme “rent-a-bank! I’ve written about it before therefore let’s get right straight back on the right track because of the DOJ.

PS: My summary? Those of us having a “bricks-n-sticks” footprint can not only prevail BUT revenue handsomely Whenever we “stick to the knitting. Devamını oku