Loan Company Petitions High Court Over Arbitration Ruling In Loan Dispute

Mealey's (June 16, 2015, 4:15 PM EDT) -- WASHINGTON, D.C. — A consumer loan company owned by a member of the Cheyenne River Sioux Tribe on Feb. 13 filed a petition for writ of certiorari with the U.S. Supreme Court, asking the court to reverse a finding by the Seventh Circuit U.S. Court of Appeals voiding an arbitration clause contained in the loan agreements and holding that a dispute over the loans could not be litigated in tribal court because the individuals obtaining the loan had never set foot on the reservation, saying that such a decision gives an “unreasonably restrictive view of tribal court jurisdiction that impedes the ability of tribal businesses to compete in a modern economy” (Western Sky Financial, et al. v. Deborah Jackson, et al., No. 14-991, U.S. Sup.)....

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