Cash Advance Lender Charges Near 700% Interest, Class Action Says
The administrators of the Wisconsin Native United states tribe are dealing with a course action lawsuit alleging they charge pay day loan clients with interest fees near to 700 percent.
Plaintiff Isiah Jones III claims he borrowed cash from the Lac Du Flambeau Tribe of Lake Superior Chippewa Indians internet lending company while he required money to pay for specific home costs.
The tribe accepted JonesвЂ™ application for the loan and authorized him for $400 having a 690% A.P.R., payable in 14 biweekly re payments of $110.24, the LDF class action lawsuit states. Continue reading “Cash Advance Lender Charges Near 700% Interest, Class Action Says”
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