Two tribes in Oklahoma hit with complaints over payday lending
Posted: Tuesday, September 27, 2011
Seven businesses owned two tribes in Oklahoma represent 30 percent of the complaints filed against payday lenders, News on 6 reports.
The Better Business Bureau in Tulsa
has received more than than 2,000 complaints against MTE Financial Services, 500 FastCash, Instant Cash USA and Cash Advance Network -- all owned by the Modoc Tribe
Ameriloan, United Cash loans, and USFastCash -- owned by the Miami Nation
-- also have been targeted.
"The fact the tribe supposedly owns the company is not the problem. It's the business practices," the Rick Brinkley, the president/CEO of the BBB in eastern Oklahoma, told News on 6.
The tribes operate the businesses under their own laws, which differ from the state's laws.
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