Collette's Affordable Counseling Licensed Therapy

Archive for the ‘payday loans gulfport ms’ Category

Ninth Circuit affirms tribal loan providers topic to CFPB investigative needs

The Ninth Circuit recently issued its viewpoint in CFPB v. Great Plains Lending, LLC, et al., by which three tribal-affiliated, for-profit financing organizations (“Tribal Lenders”) challenged the authority associated with the CFPB to issue civil investigative needs (CIDs) against Native United states tribes.

Summarizing precedent, the Ninth Circuit determined that Dodd-Frank—a “law of general applicability”—applies to tribes unless: 1) the statutory law touches on exclusive legal rights of tribal self-governance; 2) the use of what the law states to tribes would break treaties; or 3) Congress indicated its intent that what the law states must not affect tribes. Read the rest of this entry »