By Andrew Westney (April 24, 2019, 8:49 p.m. EDT) – The Second Circuit on Wednesday rejected an offer from executives of tribal-owned loan company Plain Green LLC to evade a lawsuit claiming they were charging rates of exorbitant interest on the so-called payday loans, claiming tribal immunity did not extend to them and loan agreements meant to compel arbitration could not be enforced.
Officials at Plain Green, a loan company owned by the Chippewa Cree tribe of the Rocky Boy’s Reservation in Montana, had asked the circuit court to overturn a ruling that they had to face allegations from Vermont customers according to which they allegedly violated racketeering and consumer protection laws, claiming that the borrowers had clearly agreed to have their …
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