Category Archives: Connecticut

Plaintiff Awarded Treble Damages for Usurious Interest Charges

A mother pawned some jewelry and coins in exchange for a loan which carried an interest rate of twenty percent per month. After the mother died, her son attempted to regain possession of the pawned items. The pawnbroker refused to … Continue reading

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Administrative Order Related to Alleged Usury Violations Unenforceable Against Indian Tribe

In October 2014, the Connecticut commissioner of banking sent a cease and desist order to two limited liability companies allegedly created by a federally recognized Indian tribe. The commissioner alleged that the companies had made usurious consumer loans and had operated … Continue reading

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Newsury

In a recent story, the Connecticut Post reported on two Connecticut Indian tribes that have joined with state lawmakers in support of new legislation that would prohibit allegedly usurious payday lending. The proposed legislation takes aim at private lenders that partner with sovereign … Continue reading

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