But wait, it gets worse than just the suicidal interest rate:
“All loans will be subject solely to the exclusive laws and jurisdiction of the Cheyenne River Sioux Tribe, Cheyenne River Indian Reservation. All borrowers must consent to be bound to the jurisdiction of the Cheyenne River Sioux Tribal Court, and further agree that no other state or federal law or regulation shall apply to this Loan Agreement, its enforcement or interpretation. The loan agreement contains an agreement to arbitrate all disputes in which borrowers agree to waive their right to a jury trial, to have a court decide any dispute, and to participate in a class action lawsuit, and to certain discovery and other procedures that are available in a lawsuit. ... in the event you opt out of arbitration, any disputes hereunder shall nonetheless be governed under the laws of the Cheyenne River Sioux Tribal Nation.”
Precisely. They are not bound by the laws of any state or the US Gov. because they are operating on their tribal lands and following their tribal laws.
Holy crap. It’s indentured servitude.
Tribal law supersedes even federal law.
I had a friend that adopted a Native American child. The adoption was completed in NY state court and they had full custody etc....
4 years later an "uncle" shows up and demanded custody. He took it to tribal court and the child was taken from my friend.
No appeal because he did not have standing with the court since he was not a native American.