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Hiding negative complaints is only a Band-Aid. Consumers want to see how a business took care of business. All business will get complaints.
Indeed, as the rent-a-bank model has waned in the face of government regulations, the rent-a-tribe model has taken off in recent years. Today, a quarter of the 4. 1 billion the online payday loan industry takes in each year goes to 30 or so lenders based on reservations, according to Al Jazeera America. Too many hardworking people are trapped by the manipulative tactics of payday lenders, from exorbitant interest rates to deceptive debt collection practices, New York Attorney General Eric Schneiderman told The Huffington Post.
Law enforcement agencies must stay vigilant in order to protect families from scammers and instant cash loans ireland limited lenders looking to exploit them. The Chippewa Cree, a small tribe with about 6,000 members in a remote part of Montana near the Canadian border, made an ideal partner for Think Finance. Jobs on the reservation are scarce, and unemployment there hovers between 60 and 70 percent.