Indian tribes gambling on high-interest loans to increase income

Indian tribes gambling on high-interest loans to increase income

in the exact middle of the Ottawa National Forest, there is certainly a indigenous us booking where snowdrifts mark the key road into town. At the conclusion of the city, there clearly was a casino with cent slots and a hotel that is three-story. In the rear of that resort, there was a locked, unmarked door by having a punch rule. And beyond that home is just a repurposed ballroom, as soon as employed for wedding receptions, where 11 workers — backed by a Wall Street hedge fund, supported by a call center within the Philippines — now sell loans online to credit-constrained Americans at annualized interest rates of 780 %. (altro…)

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