Using the “rent-a-bank” model really power down, payday loan providers began trying to find brand new means of working.

Using the “rent-a-bank” model really power down, payday loan providers began trying to find brand new means of working.

it had been around the period that a band of online payday lenders began utilizing just what customer lawyers now call the “rent-a-tribe” model.

It had been a model constructed on significantly more than two centuries of appropriate precedent. Court choices have actually decreed that state governments have actually little authority over tribes. Read more