Let me make it clear about Payday Lending: Boon or Boondoggle for Tribes?

Let me make it clear about Payday Lending: Boon or Boondoggle for Tribes?

Early in the day this week, the Washington Post published a remarkable piece profiling the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a tiny indigenous American tribe that basically went in to the cash advance business in a pursuit of much-needed financing for tribal federal federal federal government. Exactly what this article does not point out is the fact that some supposedly “tribal” payday loan providers aren’t really run by—or for the power of—an real tribe.

Indigenous tribes that are american sovereign countries plus in some circumstances are resistant from obligation under state legislation. It is the promise of the crazy West free from federal federal government regulation and outside of the reach associated with the civil justice system who has drawn loan providers to your “tribal sovereign” model. مطالعه بیشتر