Tribes owned and controlled TUCKER’s lending that is payday, TUCKER and MUIR involved in a few deceptions.

Tribes owned and controlled TUCKER’s lending that is payday, TUCKER and MUIR involved in a few deceptions.

In response to complaints that the Tucker Payday Lenders had been extending abusive loans in breach of the usury rules, several states filed actions to enjoin the Tucker Payday Lenders from running within their states. A legal doctrine that, among other things, generally prevents states from enforcing their laws against Native American tribes to thwart these state actions, TUCKER devised a scheme to claim that his lending businesses were protected by sovereign immunity. Starting in 2003, TUCKER joined into agreements with a few indigenous American tribes (the “Tribes”), like the Miami Tribe of Oklahoma. The goal of these agreements would be to result in the Tribes to claim they owned and operated areas of TUCKER’s lending that is payday, to make certain that when states desired to enforce rules prohibiting TUCKER’s loans, TUCKER’s financing organizations would claim become protected by sovereign resistance. Continue reading “Tribes owned and controlled TUCKER’s lending that is payday, TUCKER and MUIR involved in a few deceptions.”