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AG Nessel sues online tribal loan provider over ‘predatory’ financing methods

AG Nessel sues online tribal loan provider over ‘predatory’ financing methods

Michigan Attorney General Dana Nessel has filed case to guard customers from online lenders that are short-term a lot more than 300per cent in interest.

Nessel filed their state’s first ever lawsuit alleging violations for the federal customer Financial Protection work as section of a press that is»full-court stop the predatory methods of online tribal loan provider Sierra Financial,» in accordance with a statement released Thursday.