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“Tribal Immunity” May No Longer Be a Get-Out-of-Jail Free Card for Payday Lenders Payday loan providers aren't anything or even imaginative within their quest to use beyond your bounds of this legislation. As we’ve reported before, an ever-increasing amount of online payday lenders have recently desired affiliations with indigenous American tribes in order to make use of the tribes’ unique status that is legal sovereign countries. associated with clear: genuine tribal companies are entitled to “tribal immunity,” meaning they can’t be sued. If a payday loan provider can shield itself with tribal resistance, it may keep making loans with illegally-high rates of interest without getting held in charge of breaking state usury laws and regulations. Regardless of the increasing emergence of “tribal lending,” there was clearly no

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