Payday Country. Whenever tribes form teams with payday loan providers, who profits?

Photos by Mark Richards for Al Jazeera America

The tales and visuals for Payday country had been produced and reported in collaboration using the Stabile Center for Investigative Journalism at Columbia University in ny.

Posted on Tuesday, June 17, 2014

UPPER LAKE, Calif. ВЂ” The whitewashed, one-story office just off California’s Highway 20 doesn’t appear to be much.

Nevertheless the building is detailed due to the fact target with a minimum of four thriving economic enterprises. These are typically area of the multibillion-dollar industry of online pay day loans: short-term loans all the way to $1,000 which are looked for by low-income individuals whoever bad credit makes them therefore eager for a cash loan they are going to accept interest levels that may meet or exceed 400 per cent.

And it’s no coincidence that the exact same framework additionally houses work of this tribal council of this Habematolel Pomo of Upper Lake. The Native American tribe’s lending enterprises have actually names like Silver Cloud Financial and hill Summit Financial, showing the native heritage that is american of rancheria, since these settlements are called.

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