Payday Lenders and Indians Evading Laws Draw Scrutiny

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  • blogicon1January 7, 2021

Payday Lenders and Indians Evading Laws Draw Scrutiny U.S. regulators and Congress are examining partnerships between Native People in america and outside investors in online lending that is payday accused of exploiting tribal sovereignty to evade state consumer-protection legislation. The push has split Native US teams, with experts of payday lending opposing involvement that is tribal the firms, which charge interest levels because high as 521 % for short-term loans. Other Indian groups, created to...