Loan Sharks and Advance Loan Shams Affiliation with Indian Tribes
вЂњPayday loan providers like Big Picture Loans cannot shield themselves from state instructions by developing free and questionable affiliations with federally-recognized tribes,вЂќ said Attorney General Frosh. вЂњWe are likely to do everything we could to ensure that Marylanders try never to fall target to predatory creditors, anywhere these are typically based.вЂќ
Williams v. Big Picture Loans was indeed filed by means of a combined team of clients who sued the Michigan-basedpayday loan company. Big Picture Loans argued as it absolutely was acting becoming an method of getting a Indian tribe, and wastherefore eligible to вЂњsovereign immunity.