A Tribal Lender Charging 800% APR Has Agreed to Stop Operating in #Minnesota
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The Lac du Flambeau tribe settled a civil suit filed by Minnesota’s attorney general that alleged its triple-digit interest rates violated state caps. The state's actions follow ProPublica's extensive reporting on the tribe's loan operations.

#News #Law #Debt #ConsumerProtection #Finance #Business #Consumer #NativeNews

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Tribal Lender, Accused of Predatory Interest Rates, Exits Minnesota

Wisconsin’s Lac du Flambeau tribe has settled a civil suit with the attorney general and agreed to stop lending to Minnesotans.

^ProPublica