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DBO Wins Landmark Ca Supreme Court Ruling in Significant Tribal Payday Lending Case

Court Bolsters Test to choose Whenever Personal Organizations Entitled to Tribal Immunity

SACRAMENTO – The Ca Department of Business Oversight (DBO) today won a situation Supreme Court choice in a landmark situation concerning the dilemma of private payday lenders who you will need to make use of tribes’ sovereign resistance to prevent state certification and customer security regulations.

“This ruling can be a crucial victory for Ca’s pay day loan consumers,” said DBO Commissioner Jan Lynn Owen. “It strengthens our capability to enforce laws and regulations prohibiting exorbitant costs and activity that is unlicensed doubting payday loan providers’ power to inappropriately utilize tribes’ sovereign immunity in order to prevent complying with state legislation.”

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