NEW: Although tribal lenders often charge outrageous triple-digit interest rates, lobbyists and lawyers have enabled the industry to dodge regulation efforts and beat back consumer protections for over a decade. Here’s how.
By Joel Jacobs and
@megomatz.bsky.social
The Tribal Lending Industry Offers Quick Cash Online at Outrageous Interest Rates. Here’s How It’s Survived.
Despite lawsuits, prosecutions and federal crackdown attempts, the tribal lending industry has adapted for over a decade, providing exorbitant loans to millions of financially vulnerable consumers.
