N.J. Federal Judge: Loan Company Associated With Tribe Is Not Entitled To Immunity

( January 29, 2024, 10:01 AM EST) -- NEWARK, N.J. — A payday loan company that is alleged to have engaged in usurious practices is not entitled to sovereign immunity as an “arm of the tribe” that wholly owns it because several factors in a balancing test weigh against such a finding, a New Jersey federal judge found in denying the company’s motion to dismiss....