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Connecticut probes Oklahoma tribe’s cash advance companies

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

As the tribe views the state that is recent Court ruling as a victory, it’ll be up into the banking division to check out other dilemmas and determine whether or not to pursue further.

A judge recently remanded the presssing problem back once again to the division. In the event that division really wants 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 businesses, Great Plains Lending, LLC and Clear Creek Lending. Continue reading