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“Rent-a-tribe”: Virginians say online loan provider utilizes tribal resistance to circumvent state laws and regulations

“Rent-a-tribe”: Virginians say online loan provider utilizes tribal resistance to circumvent state laws and regulations

Virginians are having a lead attacking whatever they state is really a loophole that is legal has kept 1000s of individuals stuck with financial obligation they can not escape.

The situation involves loans at interest levels approaching 650 per cent from an on-line loan provider, Big Picture Loans, connected with a little Indian tribe on Michigan’s Upper Peninsula. Continue reading “Rent-a-tribe”: Virginians say online loan provider utilizes tribal resistance to circumvent state laws and regulations