Without a doubt about Payday Lending: Boon or Boondoggle for Tribes?

Without a doubt about Payday Lending: Boon or Boondoggle for Tribes?

Payday Lending: Boon or Boondoggle for Tribes?

Previously this week, the Washington Post published a piece that is fascinating the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a little indigenous American tribe that basically went in to the cash advance business in a pursuit of much-needed capital for tribal federal federal government. Exactly what this article does not point out is the fact that some payday that is supposedly“tribal are not really run by—or for the advantage 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 vow of the crazy West free from federal government legislation and away from reach associated with the civil justice system which includes drawn loan providers into the “tribal sovereign” model. Continue reading “Without a doubt about Payday Lending: Boon or Boondoggle for Tribes?”