Tribal Lenders Say They Can Charge Over 600% Interest. These States Stopped Them. - eviltoast
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.
  • CircuitGuy@lemmy.worldEnglish
    1·
    24 hours ago

    I was unclear from the article how the lending happened? Did customers physically travel to Native American lab, transfer money electronically, or is it partnered with retailers who arrange the financing for consumers?