American Indian tribe buys Mission-based payday loan servicing firm MacFarlane Group

The Otoe-Missouria Tribe, an American Indian tribe in Oklahoma, announced that it completed its acquisition of MacFarlane Group, a Mission company that assisted the tribe with its payday lending operation.

John Shotton, chairman of the Otoe-Missouria, wrote in an Oct. 10 letter to the tribe that it had partnered with MacFarlane Group for the last six years to assist its American Web Loan business with underwriting, software development, marketing and call center support.

Terms of the acquisition were not disclosed.

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