ProPublica on Nostr: Tribal Lenders Say They Can Charge Over 600% Interest. These States Stopped Them. — ...
Tribal Lenders Say They Can Charge Over 600% Interest. These States Stopped Them.
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Online lenders tied to Native American tribes argue that they aren’t subject to state lending laws, but they backed away from operating in six states where attorneys have acted forcefully to protect consumers.
https://www.propublica.org/article/states-tribal-lenders-high-interest-rates?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
#News #Business #Finance #Government #Regulation #Consumer
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Online lenders tied to Native American tribes argue that they aren’t subject to state lending laws, but they backed away from operating in six states where attorneys have acted forcefully to protect consumers.
https://www.propublica.org/article/states-tribal-lenders-high-interest-rates?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
#News #Business #Finance #Government #Regulation #Consumer