Chris Willis’ recent post referred to the fact that Director Cordray during the Q&A session after his speech to NAAG disparaged Internet payday loans being made by certain Indian tribes. Here is an unofficial audio transcription of the exchange between the Colorado Attorney General, Director Cordray and Julie Brill, a FTC Commissioner:

John Suthers: In Colorado we have been fighting a seven-year court battle with frustrating results over online payday lending, where, companies, to avoid state regulation are affiliating, and I use that word loosely, with Indian tribes .

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