Monday, February 3, 2025 – Balancing economic safety and economic development for payday loan businesses on tribal land

A Wisconsin tribe agreed to stop operating an online high-interest loan operation in neighboring Minnesota in a lawsuit settlement just announced. But the Lac du Flambeau tribe and several others, still insist on their ability to operate the businesses despite laws in several states working to prevent consumers from falling victim to interest rates that reach up to 800% in some cases. We’ll talk about the struggle between tribes’ ability to operate unrestricted payday loan business, and the ongoing efforts to regulate damaging loan businesses.