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Indian tribes gambling on high-interest loans to improve income

Indian tribes gambling on high-interest loans to improve income

In the middle of the Ottawa National Forest, there was a indigenous us booking where snowdrifts mark the key road into city. At the conclusion of that city, there is certainly a casino with cent slots and a hotel that is three-story. In the rear of that resort, there is certainly a locked, unmarked home with a punch rule. And beyond that home is a repurposed ballroom, as soon as utilized for wedding receptions, where 11 workers — backed by way of a Wall Street hedge investment, sustained by way of a call center when you look at the Philippines — now sell loans online to credit-constrained Americans at annualized interest rates of 780 percent.