Native American News

Welcome to Native American News, by Native American Encyclopedia. Our objective is to; Honor our Elders, Inspire our Youth, Document our History & Share our Culture.

Download the Nativepedia app for your iPhone http://bit.ly/nativepedia

Search

Site Navigation

Instagram Shots

    More - Instagram

    Find me on...

    Federal district court grants CFPB petition to enforce CIDs issued to tribal lenders

    A California federal court recently issued an order granting the CFPB’s petition to enforce its civil investigative demands (CIDs) issued to three tribally-affiliated payday lenders. However, the court also granted the lenders’ request for a stay pending their appeal to the Ninth Circuit. Although the CFPB did not oppose the stay, the court nevertheless found that if its decision was wrong, the lenders were likely to suffer irreparable harm because of the disclosure of sensitive proprietary documents to the CFPB whereas the CFPB would not be injured by a temporary delay.

    Source jdsupra.com

    Notes

    1. darklantern00 reblogged this from nativeamericannews
    2. nativeamericannews posted this

    Loading posts...