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