Sound a little bit too New Age for you. Dont worry if it doesnt immediately sound… [Read More] This site may provide an estimate only of loan repayments but does not constitute a loan offer by Rapid Loans Pty Ltd.
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Some consumer attorneys have argued that even lenders based on tribal lands cannot flout state law. The legality of the issue still appears unsettled, with legal battles currently being waged over this very question in several states.
Regulators in Connecticut on Tuesday fined personal loan best bank quora head of Oklahomas Otoe-Missouria tribe, John Shotton, and two payday loan companies the tribe owns a total of 1. 5 million for making payday loans to Connecticut residents, according to Bloomberg News.
The Otoe-Missouria maintains it has a legal right to lend in states where payday lending is illegal because it follows federal and tribal laws. Payday lending isnt outright illegal in Virginia, but it is in other states. A total of 15 states and Washington, D.
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