Tribal payday advances direct lenders. Fights over tribal payday lenders expose challenges of financial reform

Tribal payday advances direct lenders. Fights over tribal payday lenders expose challenges of financial reform

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.

Continue reading “Tribal payday advances direct lenders. Fights over tribal payday lenders expose challenges of financial reform”