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Tribal payday advances direct loan providers. Fights over tribal payday lenders expose challenges of financial reform

Fights over tribal payday lenders expose challenges of financial reform

Some high-interest payday loan providers are finding not likely allies: indigenous American tribes within the battle to shield by themselves from legal actions and federal government oversight.

State regulators and client lawyers state that the lender-tribe marriages are ruses developed to allow non-Native US businesses to skirt guidelines which can be consumer-lending.