09/09/2020

“Rent-a-tribe”: Virginians say online loan provider makes use of tribal resistance to bypass state guidelines

“Rent-a-tribe”: Virginians say online loan provider makes use of tribal resistance to bypass state guidelines Virginians are using a lead attacking whatever they state is a loophole that is legal has kept lots of people stuck with financial obligation they cannot escape. The situation involves loans at interest levels approaching 650 % from a lender that is online Big Picture Loans, connected with a little Indian tribe on Michigan’s Upper Peninsula. It pits customer claims that the loans violate state law resistant to the tribe’s claims that longstanding U.S. Law makes its loans resistant from state oversight. Lula Williams of […]