Posted on

As a result to complaints that the Tucker Payday Lenders had been expanding abusive loans

As a result to complaints that the Tucker Payday Lenders had been expanding abusive loans

The Sham Tribal Ownership associated with the Company

In breach of the usury guidelines, a few states started to investigate the Tucker Payday Lenders. 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 native tribes that are americanthe “Tribes”), such as the Santee Sioux Tribe of Nebraska, the Miami Tribe of Oklahoma, in addition to Modoc Tribe of Oklahoma. The goal of these agreements would be to result in the Tribes to claim they owned and operated elements of TUCKER’s lending that is payday, to ensure that whenever states desired to enforce rules prohibiting TUCKER’s loans, TUCKER’s financing companies would claim become protected by sovereign resistance. Inturn, the Tribes received re re payments from TUCKER, typically one per cent for the profits through the part of TUCKER’s payday lending company that the Tribes purported to possess.

So that you can produce the impression that the Tribes owned and controlled TUCKER’s payday lending business, TUCKER and MUIR involved in a number of lies and deceptions. Among other items:

Continue reading As a result to complaints that the Tucker Payday Lenders had been expanding abusive loans