Fights over tribal lenders that are payday challenges of financial reform
Some high-interest payday loan providers have discovered not likely allies: Native American tribes in the battle to shield by themselves from legal actions and federal federal federal government oversight.
State regulators and client solicitors state that the lender-tribe marriages are ruses created to allow non-Native US businesses to skirt rules which can be consumer-lending. The tribes, they claim, are now used as fronts when it comes to financial institutions.