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    Former clients of Indian-owned online lender can seek refunds

    Former clients of an Internet loan firm that was operated by a member of the Cheyenne River Sioux Tribe of South Dakota can apply for refunds under a settlement with the state of New York.

    Source indianz.com

    Notes

    1. theparadigm reblogged this from nativeamericannews and added:
      Holy shit! 116% APR?!?!! 84 monthly payments of $486?!?!?!?! That’s basically paying over $40,000 in order to get...
    2. stringsdafistmcgee reblogged this from cognitivedissonance
    3. ramblingmage reblogged this from cognitivedissonance
    4. szechwean reblogged this from cognitivedissonance and added:
      So by the time you’ve zeroed out this $5000 loan seven years later, you’ve paid nearly $41,000 on it. Good, great....
    5. fluorescentbrains reblogged this from cognitivedissonance
    6. cognitivedissonance reblogged this from nativeamericannews
    7. nativeamericannews posted this

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