On January 21, 2014, the Ca Court of Appeals held in individuals v. Miami Nation Enterprises that CaliforniaвЂ™s Department of company Oversight could perhaps maybe not sue Miami Nation Enterprises (MNE) or SFS, Inc. for providing loans that are payday state residents in breach associated with Ca Deferred Deposit Transaction Law. MNE is definitely an enterprise of this Miami country of Oklahoma and SFS is definitely an enterprise for the Santee Sioux Tribe of Nebraska. The court ruled that both MNE and SFS were hands of these particular tribes and therefore eligible to sovereign resistance.
We now have formerly reported on relevant payday lending dilemmas in General Memoranda 12-037 of March 9, 2012 (вЂњColorado Supreme Court Holds that Two Tribal Payday Loan organizations Have Tribal ImmunityвЂќ) and 13-068 of August 1, 2013 (вЂњFederal Trade Commission Settles on line Payday Lending Suit expanding Its Jurisdiction in Indian CountryвЂќ). Continue reading “California Appellate Court Rules Tribal Cash Advance Companies Eligible For Sovereign Immunity”