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Connecticut probes Oklahoma tribe’s cash advance companies

Connecticut probes Oklahoma tribe’s cash advance companies

An Oklahoma Indian tribe that the Connecticut Department of Banking claims operates two high-interest loan operations to make the most of strapped metropolitan residents, has won at the least a wait with its battle against imposition of $800,000 in charges.

Even though the tribe views the state that is recent Court ruling as a victory, it’ll be up to your banking division to check out other problems and decide whether or not to pursue further.

A judge recently remanded the problem back again to the division. In the event that division desires to pursue its instance contrary to the Otoe Missouria Tribe, of Red Rock in north-central Oklahoma, Banking Commissioner Jorge Perez would further have to investigate the links involving the two organizations, Great Plains Lending, LLC and Clear Creek Lending.