Tribal Nations Defend Their Lending Rights

The doctrine of tribal sovereignty extends to all Native American tribes that have been recognized by Congress and dates back to the US Constitution.  It extends to tribes the right to operate business and economic entities without the interference of individual states.  That sovereignty has be repeatedly upheld by Supreme Court decisions and state cases for 200 years. But Benjamin Lawksy thinks that he and his state can infringe on those sovereign rights.

Lawsky is the Superintendent of Financial Services for New York and a former Acting Superintendent of Banks.  In early August, Lawsky issued an official order to internet … Read the rest