Putting a ban on illegal payday lending practice would be too expensive according to the regulators of Washington and North Carolina. The industry analysts claim that the Indian tribes are still willing to go ahead with no fax payday loans business. According to Frank Cotton, the industry’s analyst, there are around 60 payday lenders belonging to Indian tribes.

In the year 2009, Tucker’s lawyers persuaded a local Kansas judge to obstruct the orders of Colorado court since it’s laws are not supposed to be implemented in Kansas. The exact figure of how much his business earned is still unknown .Nevertheless a court document revealed that Tucker’s business earned around $80 million in the year 2008. Many of the borrowers of Tucker demand that he must be put behind the bars. Melissa Rush of Vancouver complains that she has been receiving number of phone calls from his side.

The phone calls are even disturbing her friends and co-workers. This definitely reveals the rapacious behavior of payday loan lenders. She pleads that action must be taken against the same. Keeping this into consideration, in July 2010, the attorneys general from 22 states bisected together and announced that any person forbidding the universal payday loans laws will be punishable by the law, belonging to any state.

According to the reports of 2010, the revenue was 32 percent. But this minted a business of $10.8 billion. According to Stephens Inc. around 30 million loans had a fee of $2.7 billion. On the other revenues from the storefront payday loan lenders are splitting. For more information please log on to www.paydayloansolutions.net