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

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

Michigan Attorney General Dana Nessel has filed case to safeguard customers from online short-term loan providers asking a lot more than 300per cent in interest.

Nessel filed their state’s first ever lawsuit alleging violations regarding the federal customer Financial Protection behave as section of a “full-court press to stop the predatory methods of online tribal loan provider Sierra Financial,” in accordance with a declaration released Thursday.

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