Let me make it clear about Connecticut probes Oklahoma tribe’s pay day loan companies

An Oklahoma Indian tribe that the Connecticut Department of Banking claims operates two high-interest loan operations to benefit from strapped metropolitan residents, has won at the least a wait in its battle against imposition of $800,000 in charges.

Although the tribe views the state that is recent Court ruling being a success, it will be up to your banking division to consider other problems and determine whether to pursue further.

A judge recently remanded the presssing problem back once again to the department. In the event that division desires to pursue its situation from the Otoe Missouria Tribe, of Red Rock in north-central Oklahoma, Banking Commissioner Jorge Perez would need certainly to investigate further the links amongst the two organizations, Great Plains Lending, LLC and Clear Creek Lending.

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