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Axis bank personal loan disbursement time

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Axis bank personal loan disbursement time

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Axis bank personal loan disbursement time

Tuckers businesses are not affiliated with the NAFSA, the trade group representing tribal lenders. The Federal Trade Commission sued a group of companies associated with Tucker in 2012 axis bank personal loan disbursement time misleading and charging undisclosed fees. The government won a major victory last month when a federal magistrate ruled that for-profit companies are not necessarily immune from federal consumer protection laws merely because they are affiliated with Indian tribes.

The ruling by a magistrate must still be approved by a district court. If that happens, the ruling will have broad implications for all federal enforcers seeking to combat illegal payday lending practices, said Jessica Rich, director of the FTCs consumer protection bureau. The court has not yet determined whether some of the lenders, officially chartered by Indian tribes, are for-profit corporations and therefore subject to FTC oversight.

The companies sense of security on Native American land has been rattled by other recent federal actions, including a round of civil subpoenas issued last year by the Consumer Financial Protection Bureau. The Justice Department later became involved in the investigation, according to industry members familiar with the probe who spoke on condition of anonymity to avoid fueling tension with federal authorities.

CFPB spokeswoman Moira Vahey said the agency does not comment on or confirm pending enforcement action.

Axis bank personal loan disbursement time

If you'd like to come down to our storefront and do your application in person, have a look at our Store Locations Page. We'll be happy to help you out. We're Fully Licensed. We are a fully licensed online payday lender. Click the button below to get information about online payday loans and the provincial licensing requirements for lenders.

BC Payday License 52546.

Axis bank personal loan disbursement time