Here.
An excerpt:
A prominent online lender that has increasingly run into state challenges — Western Sky Financial, owned by a tribal member of the Cheyenne River Sioux — has just announced that it will stop financing loans next month.
Martin Webb
New York ex rel. Schneiderman v. Western Sky Materials
WSJ on New York’s Suit against Indian Country Payday Lenders
Here. Excerpt:
Courts have long upheld that tribal-owned businesses enjoy the same sovereign immunity as tribal governments and aren’t subject to state law. Matthew Fletcher, director of Michigan State University’s Indigenous Law and Policy Center, said the ownership structure of a firm has bearing on its legal defenses in such situations. Lenders owned by an individual member of a tribe but not deemed to be owned by the tribe itself would have less ground in attempting to block lawsuits or other state action, he said.
“I would assume the tribe and the tribal entity would respond by saying you don’t have jurisdiction over the tribal nation,” Mr. Fletcher said.
Federal Court Remands Missouri Case against Martin Webb Pay Day Lenders Back to State Court
Here are the materials in State of Missouri v. Webb (E.D. Mo.):
DCT Order Remanding Mo. Complaint to State Court
Turtle Talk 