Despite lawsuits, prosecutions and federal crackdown attempts, the tribal lending industry has adapted for over a decade, providing exorbitant loans to millions of financially vulnerable consumers.
  • RentlarEnglish
    3•20 days ago

    Like healthcare, short-term lending is another “free market” industry made to hurt people who are already down the most.

    At the very least there needs to be a rule that 80% of profits from short-term lending schemes in tribes must be given to the Native American tribe through other projects or aid distributions.