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Financial Services Perspectives

Regulatory, conformity, and litigation developments within the economic solutions industry

In a current decision because of the Fourth Circuit, Big Picture Loans, LLC, an on-line loan provider owned and operated by the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a federally recognized Indian tribe (“Tribe”), and Ascension Technologies, LLC, the Tribe’s management and consultant company effectively established they are each hands associated with Tribe and cloaked with all the privileges and immunities associated with Tribe, including sovereign immunity. 继续阅读Financial Services Perspectives