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?

Payday Lending: Boon or Boondoggle for Tribes?

Previously 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 search for much-needed money for tribal federal federal government. But exactly what the content 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. Leia mais