4th Circuit: Tribe’s Lending Entities Protected By Sovereign Immunity

Mealey's (July 9, 2019, 4:02 PM EDT) -- RICHMOND, Va. — Two tribal payday lending companies are arms of the tribe and, as such, are protected from customers’ class action usury claims by the tribe’s sovereign immunity, the Fourth Circuit U.S. Court of Appeals ruled July 3 in reversing a federal trial court (Lula Williams, et al. v. Big Picture Loans, LLC, et al., No. 18-1827, 4th Cir., 2019 U.S. App. LEXIS 19957)....