Feds fee Indian tribal loan providers for unlawful techniques

Feds fee Indian tribal loan providers for unlawful techniques

By Kathy Kristof

April 28, 2017 / 3:42 PM / MoneyWatch

Four online loan providers owned because of the tiny north California Habematolel Pomo Indian tribe charged interest that is triple-digit on small-dollar loans and utilized aggressive techniques — including debiting customer bank reports — to gather. Nevertheless, federal regulators sued Thursday, saying the costs and interest fees had been therefore exorbitant which they violated lending legislation in 17 states. Continuar leyendo «Feds fee Indian tribal loan providers for unlawful techniques»