When tribes form teams with payday loan providers, who profits?
Photos by Mark Richards for Al Jazeera America
The tales and layouts for Payday country had been reported and produced in collaboration because of the Stabile Center for Investigative Journalism at Columbia University in nyc.
Posted on June 17, 2014 tuesday
UPPER LAKE, Calif. The whitewashed, one-story workplace simply off Californias Highway 20 doesnt look like much.
They have been an element of the multibillion-dollar industry of payday loans online: short-term loans as much as $1,000 which can be sought by low-income individuals whoever bad credit makes them therefore in need of an advance loan they are going to accept rates of interest that may surpass 400 %.
And its particular no coincidence that the structure that is same houses any office associated with the tribal council of this Habematolel Pomo of Upper Lake. The indigenous American tribes lending enterprises have actually names like Silver Cloud Financial and hill Summit Financial, reflecting the indigenous American heritage of this rancheria, since these settlements are known as. Continue reading