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In reaction to complaints that the Tucker Payday Lenders had been extending loans that are abusive breach of these usury guidelines, a few states started initially to investigate the Tucker Payday Lenders.
A legal doctrine that, among other things, generally prevents states from enforcing their laws against Native American tribes to thwart these state actions, TUCKER devised a scheme to claim that his lending businesses were protected by sovereign immunity. Starting in 2003, TUCKER joined into agreements with a few native tribes that are americanthe вЂњTribesвЂќ), like the Santee Sioux Tribe of Nebraska, the Miami Tribe of Oklahoma, and also the Modoc Tribe of Oklahoma.
The goal of these agreements was to result in the Tribes to claim they owned and operated elements of TUCKERвЂ™s payday financing enterprise, lending businesses would claim become protected by sovereign resistance.
Inturn, the Tribes received payments from TUCKER, typically one % associated with profits through the part of TUCKERвЂ™s payday lending company that the Tribes purported to possess.
To be able to produce the impression that the Tribes owned and controlled TUCKERвЂ™s lending that is payday, TUCKER and MUIR involved with a number of lies and deceptions.