Two American Indian Tribes said they sued New York state’s financial regulatory agency and its head over his crackdown on businesses that do lending over the Internet, some of which are tribally-owned.
A lawsuit seeking a court order against Benjamin Lawsky, superintendent of the New York Department of Financial Services, was filed yesterday in federal court in Manhattan, the Native American Financial Services Association said in a statement. The complaint couldn’t be immediately verified in court records.
Read the full story here: http://www.bloomberg.com/news/articles/2013-08-21/indian-tribes-sue-head-of-new-york-financial-regulator
