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🃏Joker @sh.itjust.works

8mo 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

Politics @sh.itjust.works

pelespirit @sh.itjust.works

8mo ago

Tribal Lender Exits Minnesota Amid Allegations of Illegally High Interest Rates

www.propublica.org /article/minnesota-ag-ellison-lac-du-flambeau-tribal-lending-settlement

4 comments

settlement of a previous lawsuit and more info on their huge lending business:
https://www.wpr.org/news/lac-du-flambeau-tribal-leaders-and-lenders-reach-deal-in-class-action-lawsuit
https://www.propublica.org/article/wisconsin-lac-du-flambeau-tribe-predatory-lending-lawsuit-sovereign-immunity
Now hold the credit card companies to the same standard. And payday lending. And 20% car loans. And every other form of usury practiced by someone other than a “tribal” entity.
- While I mostly agree, 800% interest really is way beyond anything those others are doing, and more than worthy of being slapped for.
- Yes, racism is the only way 30% and 800% interest are the same, you've hit the nail on the head :)