Court Rules FTC Has Authority Over Lending by American Indian Tribes

A Nevada federal judge has ruled that the Federal Trade Commission can sue payday lenders, even if they are affiliated with American Indian tribes, the Legal Times reports. The judge ruled "that the FTC Act is a statute of general applicability, one that does not include an exception for Indian tribes," the Legal Times further reported. Tribes argue that they are sovereign and free from regulation by state governments and the U.S. federal government.