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Maryland challenges online payday lender owned by tribal individual

Maryland challenges online payday lender owned by tribal individual

Introduction

Western Sky Financial’s web site includes a logo design with three teepees and a toll-free volume for consumers to get an immediately loan. A notice by the end from the web site claims that the business is “owned wholly by an Tribal that is specific person the Cheyenne River Sioux Tribe. ”

Western Sky’s owner, Martin Webb, as well as other financial institutions state their relationships with native United States tribes, whoever sovereign governments are split through the states’, protect them from having to abide by state rules that control cash advance providers. Read More