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Category : Personal Installment Loans

21 Jan 2020

Oklahoma tribe agrees to cover $48 million in order to avoid prosecution in payday financing scheme

Oklahoma tribe agrees to cover $48 million in order to avoid prosecution in payday financing scheme Two businesses managed by the Miami Tribe of Oklahoma have actually consented to spend $48 million in order to avoid federal prosecution for their participation in a financing scheme that charged borrowers rates of interest because high as 700 %. The tribe acknowledged that a tribal representative filed false factual declarations in multiple state court actions as part of the Miami tribe’s agreement with […]