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In March of 2014, the US Department of Justice (DOJ) sent a letter to the five largest tribal consumer lenders (American Indian Lenders Association, Navajo Nation Bank, Sac and Fox Bank, Turtle Island Trade and Development, and the Winnebago Nation) informing them that the lending institutions were subject to state regulation. The DOJ's letter came in response to a petition filed by the Center for Responsible Lending (CRL) in February of 2014. CRL argued that the tribal lenders were exempt fr

Ask AI: how is civil litigation permitted against tribal consumer lenders who are exempt from state regulation

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Question: how is civil litigation permitted against tribal consumer lenders who are exempt from state regulation

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Civil litigation against tribal consumer lenders who are exempt from state regulation is permitted in federal court under the Indian Commerce Clause of the United States Constitution. This clause grants Congress the power to regulate commerce with native tribes. Under this clause, the federal court may exercise jurisdiction to hear claims regarding activities that occur on tribal lands and involve tribal members. Additionally, the Supreme Court has held that tribal lenders may be subject to suit for violations of federal consumer protection laws regardless of state law exemptions.

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This article was generated in part by one of OpenAI’s large-scale language-generation model, answering user justin's question. Images were generated with OpenAI's AI model, DALL·E 2. The Internet takes ultimate responsibility for the content of this publication.
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Published: Wednesday, December 14, 2022

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