Will Indian tribes get immunity on Internet payday loans?

In Colorado, the state Supreme Court soon will take up a case where two online payday lending companies say they are immune to prosecution and state regulations because they are incorporated by sovereign Indian nations.

This is not new. We all know about Indian casinos. The casinos work b/c people enter the Indian reservation and gamble. Can these Indian reservations do business on the Internet? The gray area is this: the borrower applies for a loan on a computer outside the reservation. Is this considered the state, the reservation or neither?

There is a very long article in the Havre Daily News. You can read the full article titled “Online Payday Loans Lending practices spark nationwide concerns.”

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