State bars internet lender, wins $11.7M settlement over ‘rent-a-tribe’ loans

2021-01-12T20:42:08+00:00

State bars internet lender, wins $11.7M settlement over ‘rent-a-tribe’ loans Thursday the company, based in California, was also barred from further business in the state, Attorney General Lori Swanson said. “The business involved with an elaborate scheme to gather re re payments far more than permitted by state law,” Swanson stated in announcing the settlement.” [...]

State bars internet lender, wins $11.7M settlement over ‘rent-a-tribe’ loans 2021-01-12T20:42:08+00:00