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…)