Oklahoma group consents to spend $48 million to avoid prosecution in payday financing scheme

Oklahoma group consents to spend $48 million to avoid prosecution in payday financing scheme

Two employers controlled by the Miami group of Oklahoma have approved shell out $48 million in order to avoid national prosecution with regards to their interest in a financing structure that energized consumers finance interest rates all the way to 700 percent.

In the Miami tribe’s contract aided by the authorities, the tribe known that a tribal associate submitted untrue informative conditions in many status courtroom activities.

National prosecutors ...

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