The Lac du Flambeau tribe of Wisconsin settled a civil suit filed by Minnesota’s attorney general that alleged its triple-digit interest rates violated state caps. The tribe is under increasing legal pressure nationally over its lending practices.
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.
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 :)