Let me make it clear about Payday Lending: Boon or Boondoggle for Tribes?

Early in the day this week, the Washington Post published a remarkable piece profiling the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a tiny indigenous American tribe that basically went in to the cash advance business in a pursuit of much-needed financing for tribal federal federal federal government. Exactly what this article does not point out is the fact that some supposedly “tribal” payday loan providers aren’t really run by—or for the power of—an real tribe.

Indigenous tribes that are american sovereign countries plus in some circumstances are resistant from obligation under state legislation. Continue reading Let me make it clear about Payday Lending: Boon or Boondoggle for Tribes?

Let me make it clear about San Jose Passes Ordinance Cracking Down On Payday Lenders

Not absolutely all residents regarding the rich Silicon Valley are flush with money.

Ends up payday lending — a kind of short-term, high-interest loan that may imperil a debtor’s bank-account — is thriving in San Jose, the next city that is largest in Ca and tenth biggest town into the U.S. And that is triggered town lawmakers to split straight straight down on these cash stores, in line with the San Jose Mercury Information. Continue reading Let me make it clear about San Jose Passes Ordinance Cracking Down On Payday Lenders