Payday Lending: Boon or Boondoggle for Tribes?

Previously this week, the Washington Post published a piece that is fascinating the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a tiny Native American tribe that basically went to the cash advance business in a search for much-needed money for tribal federal federal government. But just what the content does not point out is the fact that some supposedly “tribal” payday lenders aren't really run by—or for the advantage of—an real tribe.

Indigenous tribes that are american sovereign countries as well as in some circumstances are resistant from obligation under state legislation. It’s the vow of a crazy West free from federal government legislation and outside of the reach of this civil justice system who has drawn loan providers towards the “tribal sovereign” model.

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