“Rent-a-tribe”: Virginians say online lender makes use of immunity that is tribal bypass state regulations

“Rent-a-tribe”: Virginians say online lender makes use of immunity that is tribal bypass state regulations

Virginians are using a lead attacking whatever they state is really a appropriate loophole that has kept several thousand individuals stuck with financial obligation they can not escape.

The truth involves loans at interest levels approaching 650 % from an on-line loan provider, Big Picture Loans, connected with a little Indian tribe on Michigan’s Upper Peninsula.

It pits customer claims that the loans violate state law contrary ...

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