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Examples
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Shane Brown for The Wall Street Journal The Modoc chief said the payday-loan business is a welcome addition.
Payday Lenders Join With Indian Tribes Jessica Silver-Greenberg 2011
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Some observers predict that the number of tribes with payday-loan operations eventually could climb close to the 400 that now have casinos.
Payday Lenders Join With Indian Tribes Jessica Silver-Greenberg 2011
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Payday Tribes Some of the American Indian groups with payday-loan operations
Payday Lenders Join With Indian Tribes Jessica Silver-Greenberg 2011
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The "sovereign-loan model" is "exploding and will be the future lending model for payday-loan companies," said Jer Ayler , president of Trihouse Inc., a payday-loan consultant in Las Vegas.
Payday Lenders Join With Indian Tribes Jessica Silver-Greenberg 2011
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Because of the sovereign immunity granted to tribes by the U.S. government, they are shielded from interest-rate caps and other payday-loan regulations.
Payday Lenders Join With Indian Tribes Jessica Silver-Greenberg 2011
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Overall, payday-loan volume fell to $38.5 billion in 2009, down 24% from 2007, according to Stephens Inc., an investment-banking firm in Little Rock, Ark.
Payday Lenders Join With Indian Tribes Jessica Silver-Greenberg 2011
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"I am proud to be a payday lender," Kim Gardner , who owns a small payday-loan store in Alabama called Cash USA, said in her remarks at the hearing.
CFPB Chief Addresses Payday Lenders Maya Jackson Randall 2012
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But Mr. Cordray also said the bureau will research the payday-loan industry to find ways to protect consumers without making it harder for them to obtain quick cash in a pinch.
CFPB Chief Addresses Payday Lenders Maya Jackson Randall 2012
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Mr. Follis, the chief of the Modoc tribe in Miami, Okla., said getting into the payday-loan business has generated jobs that are a welcome addition to the tribal-owned cigarette store, recycling plant and 25,000-square-foot casino near Interstate 44.
Payday Lenders Join With Indian Tribes Jessica Silver-Greenberg 2011
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Asked where the tribe's payday-loan operation is located, Mr. Follis replied that he thinks "it's somewhere in Kansas."
Payday Lenders Join With Indian Tribes Jessica Silver-Greenberg 2011
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