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

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

Court Bolsters Test to choose when firms that are private to Tribal Immunity

SACRAMENTO – The Ca Department of company Oversight (DBO) today won a situation Supreme Court choice in a landmark instance concerning the problem of private lenders that are payday attempt to make use of tribes’ sovereign immunity to prevent state certification and customer security regulations.

“This ruling is definitely a win that is important California’s payday loan consumers,” said DBO Commissioner Jan Lynn Owen.Read more