DOJ Department of Justice Centers On Tribe Sovereign Nation Lending Model
Between attacks because of the CFPB therefore the Department of Justice, the tribe cash advance financing model will be heavily scrutinized. When set-up correctly, and if the tribe experiences a real useful curiosity about the lending enterprise, the “Sovereign Model” can still sound right.
Furthermore, let’s not forget the disruption that is latest brought on by Madden vs Midland therefore the old theme “rent-a-bank! I’ve written relating to this before therefore let’s have straight back on the right track aided by the DOJ.
PS: My summary? Those of us having a “bricks-n-sticks” footprint can not only prevail profit that is BUT When we “stick to the knitting. Læs videre “JDSupra-DOJ Assumes On Tribal Lending: In The Indictments Legislation”