Babaamaajimowinan (Telling of news in different places)
Because of growing restrictions on payday loans, banks and payday lenders are teaming up with American Indian businesses. Indian country offers a loophole, sovereign immunity, that shields companies from the U.S. government’s mandated interest rate caps and other payday-loan regulations. Indian country lenders can even issue loans in states where lawmakers have booted out the payday-loan industry.
Read more:http://indiancountrytodaymedianetwork.com/2012/01/27/montana-senator-sheds-light-on-chippewa-crees-plain-green-loans-74957 http://indiancountrytodaymedianetwork.com/2012/01/27/montana-senator-sheds-light-on-chippewa-crees-plain-green-loans-74957#ixzz1kwb4HAZU
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