News@lemmy.worldEnglish · 20 days ago

A Tribal Lender Charging 800% APR Has Agreed to Stop Operating in Minnesota

www.propublica.org

A Tribal Lender Charging 800% APR Has Agreed to Stop Operating in Minnesota

www.propublica.org

🃏Joker@sh.itjust.works to

News@lemmy.worldEnglish · 20 days ago

The Lac du Flambeau tribe of Wisconsin settled a civil suit filed by Minnesota’s attorney general that alleged its triple-digit interest rates violated state caps. The tribe is under increasing legal pressure nationally over its lending practices.

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Steve@communick.news
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20 days ago
While I mostly agree, 800% interest really is way beyond anything those others are doing, and more than worthy of being slapped for.

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