This thirty days, Scott Tucker, a payday lender who utilized their profits to invest in a LeMans race group, ended up being sentenced to 16 years in prison on federal racketeering along with other costs. Last fall, their business that is former partner Hallinan, referred to as Philadelphia Main Line “godfather” of payday lending, ended up being additionally convicted of federal racketeering costs. Tucker and Hallinan’s primary business structure? Their declare that their pay day loan enterprises had been for the main benefit of indigenous American tribal lovers and so at the mercy of immunity that is tribal. The respected general public interest legislation company Public Justice speculates: “Tribal Immunity” may not any longer be a Get-Out-of-Jail Free Card for payday loan providers.” Isn’t it about time. Continua a leggere The conclusion for “Rent-A-Tribe” Payday Lending Schemes?