Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

How a Main Line payday lender used an Indian tribe and an empty computer server to make millions

 

December 20, 2017



The nerve center of payday lending pioneer was – at least on paper – housed for years in a dilapidated shipping container parked on a dusty patch of tribal land in rural Northern California.

Inside, a lone computer server purportedly fielded hundreds of requests each day from desperate borrowers across the country – applying online for low-dollar, high-interest loans to carry them until their next paycheck.

http://oakwoodherald.com/how-a-main-line-payday-lender-used-an-indian-tribe-and-an-empty-computer-server-to-make-millions/128398/

 

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