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Payday lending, tribal sovereignty takes center stage
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Tuesday, February 16, 2016
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With the House Republican majority continuing its fight against banking regulations, the House Financial Services Committee’s Financial Institutions and Consumer Credit Subcommittee held a two-panel hearing regarding payday lending and its connection to the issue of tribal sovereignty. The Consumer Financial Protection Bureau has been criticized for stating that tribal entities tried to “skirt” state laws. Read on to hear what witnesses had to say.
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