2nd Circ. Says Tribal Officers Not Immune In Payday Loan Suit
Law360 (April 24, 2019, 8:49 PM EDT) -- The Second Circuit on Wednesday rejected a bid by officers of tribe-owned lending company Plain Green LLC to escape a suit claiming they charged exorbitant interest rates on so-called payday loans, saying tribal immunity didn't extend to them and loan agreements meant to compel arbitration couldn't be enforced.
Officials of Plain Green, a lending company owned by the Chippewa Cree Tribe of the Rocky Boy's Reservation in Montana, had asked the circuit court to overturn a ruling that they must face Vermont customers' claims that they violated racketeering and consumer protection laws, saying the borrowers had clearly agreed to have their...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!