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“Tribal Immunity” May No Longer Be a Get-Out-of-Jail Free Card for Payday Lenders

“Tribal Immunity” May No Longer Be a Get-Out-of-Jail Free Card for Payday Lenders

“Tribal Immunity” May No Longer Be a Get-Out-of-Jail Free Card for Payday Lenders

Payday lenders aren’t anything or even imaginative inside their quest to work away from bounds of this law. As we’ve reported before, an ever-increasing wide range of online payday lenders have recently looked for affiliations with indigenous American tribes in an attempt to make use of the tribes’ special status that is legal sovereign countries. This is because clear: genuine tribal companies are entitled to “tribal immunity, ” meaning they can’t be sued.