Connecticut probes Oklahoma tribe’s pay day loan companies

Connecticut probes Oklahoma tribe’s pay day loan companies

An Oklahoma Indian tribe that the Connecticut Department of Banking claims operates two high-interest loan operations to make the most of strapped metropolitan residents, has won at the very least a wait in its battle against imposition of $800,000 in charges.

As the tribe views the current state Superior Court ruling being a victory, it’ll be up into the banking division to check out other problems and determine whether or not to pursue further.

A judge recently remanded the presssing problem back again to the division. (more…)

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