Tribal Sovereignty
Feb 4, 2025Native America Calling discusses payday loans on tribal land
February 4, 2025
Native America Calling explores the ongoing struggle between tribes’ sovereign rights to operate payday loan businesses and efforts to regulate high-interest lending practices. Recently, the Lac du Flambeau Band of Lake Superior Chippewa Indians settled a lawsuit regarding high-interest loans in Minnesota. However, many tribes continue to assert their right to operate such businesses despite concerns over consumer protections and damaging loan terms.
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