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Oklahoma tribe agrees to pay for $48 million in order to avoid prosecution in payday financing scheme

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Oklahoma tribe agrees to pay for $48 million in order to avoid prosecution in payday financing scheme

Oklahoma tribe agrees to pay for $48 million in order to prevent prosecution in payday financing scheme

Two organizations handled by the Miami Tribe of Oklahoma have actually really really consented to fund $48 million to enable you to avoid prosecution this is certainly federal their participation in a money scheme that charged borrowers interest rates as much as 700 percent.

The tribe acknowledged that the tribal representative filed false factual declarations in various state court actions contained in the Miami tribe’s agreement utilising the authorities. Read more