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

"Rent-a-tribe": Virginians say online lender uses tribal immunity to get around state laws

 


Virginians are taking a lead attacking what they say is a legal loophole that has left thousands of people stuck with debt they can’t escape.

The case involves loans at interest rates approaching 650 percent from an online lender, Big Picture Loans, associated with a small Indian tribe on Michigan’s Upper Peninsula.

https://pilotonline.com/business/article_cf0745c4-3f59-11e9-bff8-273a0bac467d.html



 

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