Fights over tribal lenders that are payday challenges of financial reform
Some payday that is high-interest are finding not likely allies: indigenous American tribes into the battle to shield on their own from legal actions and government oversight.
State regulators and consumer lawyers state that the lender-tribe marriages are ruses created to allow non-Native US businesses to skirt regulations which can be consumer-lending. The tribes, they claim, are increasingly being used as fronts for the financial institutions.
An ex-employee of just one loan provider that is tribal-affiliated the company assured postoffice containers on tribal land to guard itself from assaults by consumer solicitors and federal authorities regulators. ادامه مطلب …