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Pay Day Lenders Skirt Law

Number 25305
Subject Business
Source CBS News
State NY
Year 2011
Publication Date 11/26/2011
Summary The story revealed how a high end race car driver who is also a convicted felon is partnering with an Indian tribe to run a multi-million dollar payday loan business. By partnering with the tribe the lenders do not have to follow any state laws. The lender is currently under multiple investigations by attorneys general.
Category Contest Entry
Pages 6
Keywords payday loan; Better Business Bureau; property tax records
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