Reservation-Based Payday Lender Accused of Illegal Loans, Claims Immunity from State and Federal Law
On September 3, 2013, Western Sky Financial, a payday lender based in the Cheyenne River Indian Reservation in South Dakota, shut down amid lawsuits by several states alleging Western Sky engaged in usury and other illegal practices in making loans to their citizens. Maryland’s commissioner of financial regulation, for example, found that some Western Sky…
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