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Cobell v. Salazar (previously Cobell v.Kempthorne and Cobell v.Norton and Cobell v.Babbitt) is a class-action lawsuit brought by Elouise Cobell and other Native American representatives in 1996 against two departments of the United States government: the Department of Interior and the Department of the Treasury for mismanagement of Indian trust funds.
Leasing, use permits, sale revenues, and interest of approximately $226 million per year are collected for approximately 230,000 individual Indian money [(IIM)] accounts, and about $530 million per year are collected for approximately 1,400 tribal accounts.
She pursued the suit from 1996, challenging the government to account for fees from resource leases. In 2010, the government approved a $3.4 billion settlement for the trust case. Major portions of the settlement were to partially compensate individual account holders, and to buy back fractionated land interests, and restore land to reservations.
From the customer's point of view, bank accounts may have a positive, or credit balance, when the financial institution owes money to the customer; or a negative, or debit balance, when the customer owes the financial institution money. [1] Broadly, accounts that hold credit balances are referred to as deposit accounts, and accounts opened to ...
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The Bureau of Indian Affairs (BIA), also known as Indian Affairs (IA), [2] is a United States federal agency within the Department of the Interior.It is responsible for implementing federal laws and policies related to Native Americans and Alaska Natives, and administering and managing over 55,700,000 acres (225,000 km 2) of reservations held in trust by the U.S. federal government for ...
These numbers are assigned to customers when they open accounts and are used to identify the accounts. Account numbers may be between eight and 12 digits. Some accounts might have as many as 17 ...
Electronic money transfers are the fastest and most convenient way to move funds, whether you're splitting a restaurant bill with friends or sending a birthday gift to a relative. However, with all...