WASHINGTON, DC (August 26, 2013) – In a new development in Otoe-Missouria Tribe, et al. v. N.Y. State Department of Financial Services, et al., where two federally-recognized Native American tribes are suing the Department and its Superintendent Benjamin Lawsky to bar their effort to control the tribes’ consumer lending activities, the Hon. Richard J. Sullivan (United States District Judge for the United States District Court Southern District of New York) has issued an Order to Show Cause that will expedite prosecution of the case.
Under the Order, the Defendants must respond by Friday, August 30, 2013 to the Tribes’ motion for a preliminary injunction. The injunction would prevent Mr. Lawsky from purporting to pursue and actually pursuing any state regulatory or enforcement actions over tribal consumer lending businesses, including the related activities of financial institutions, payment processors, and financial services associations. The hearing on the motion is set for September 11, 2013.
Read the full press release here: http://www.prnewswire.com/news-releases/tribes-involved-in-native-american-defense-of-sovereign-rights-obtain-a-court-order-to-expedite-the-case-221183241.html
