As a result to complaints that the Tucker Payday Lenders had been expanding loans that are abusive
The Sham Tribal Ownership associated with the Company
In breach of these usury legislation, a few states started initially to investigate the Tucker Payday Lenders. A legal doctrine that, among other things, generally prevents states from enforcing their laws online bad credit or against Native American tribes to thwart these state actions, TUCKER devised a scheme to claim that his lending businesses were protected by sovereign immunity. Beginning in 2003, TUCKER joined into agreements with a few indigenous American tribes (the “Tribes”), such as the Santee Sioux Tribe of Nebraska, the Miami Tribe of Oklahoma, as well as the Modoc Tribe of Oklahoma. The objective of these agreements would be to result in the Tribes to claim they owned and operated areas of TUCKER’s lending that is payday, making sure 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 payments from TUCKER, typically one % for the profits through the part of TUCKER’s payday lending company that the Tribes purported to possess.
