indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+ indianz.com on soundcloud
phone: 202 630 8439
Dynamic Homes
Advertise on Indianz.Com
Home > News > Headlines
Print   Subscribe
Al Jazeera: Tribes face scrutiny for Internet lending operations

Filed Under: Business | Law | National
More on: california, internet, payday loans, upper lake
     


Tribal council of the Habematolel Pomo of Upper Lake. Photo from Habematolel Pomo

Al Jazeera publishes a project on the Internet loan industry in Indian Country, including the involvement of the Habematolel Pomo of Upper Lake in California:
The whitewashed, one-story office just off California’s Highway 20 doesn’t look like much.

But the building is listed as the address of at least four thriving financial enterprises. They are part of the multibillion-dollar industry of online payday loans: short-term loans of up to $1,000 that are sought by low-income people whose bad credit makes them so desperate for a cash advance they will accept interest rates that can exceed 400 percent.

And it’s no coincidence that the same structure also houses the office of the tribal council of the Habematolel Pomo of Upper Lake. The Native American tribe’s lending enterprises have names like Silver Cloud Financial and Mountain Summit Financial, reflecting the Native American heritage of the rancheria, as these settlements are called. The U.S. government established them for landless Indians in California in the early 20th century, but unlike reservations, a single rancheria can include members of multiple tribes.

Tribal sovereignty allows the rancherias’ businesses to claim immunity from state usury laws, making them convenient shelters for lenders who want to evade regulators.

Yet little of the revenue that flows through these tribal businesses ends up in the rancheria or benefiting tribal members, as attested by the cluster of rundown houses nearby, where some members of the tribe live. They don’t look like villainous tycoons preying on low-income Americans. They look more like those cash-strapped loan customers themselves.

The payday lending enterprises are not operated out of the settlement, and Habematolel Pomo members interviewed on a recent visit said none of them had any jobs related to payday lending. In fact, there are few jobs of any kind here. William Snow, 51, left the settlement straight out of high school. “There’s nothing for young folks to do around here,” he said.

Get the Story:
Payday Nation (Al Jazeera America 6/17)


Copyright © Indianz.Com
More headlines...
Stay Connected:
On Facebook

On Twitter

On Google+

On SoundCloud
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
Quinault Nation prepares for journey to Standing Rock encampment (12/2)
Doug George-Kanentiio: Iroquois prophecies warn of grave dangers (12/2)
Brandon Ecoffey: Media gets it wrong on Dakota Access frontlines (12/2)
Bronson Koenig: What I found during my journey to Standing Rock (12/2)
Timothy Egan: Fake cowboys cheered while the real Indians suffer (12/2)
Lakota Country Times: Laced marijuana finds its way to Pine Ridge (12/2)
Native Sun News Today: Owner of Wounded Knee site lowers price (12/2)
David Ganje: An opportunity for tribes to clean up their homelands (12/2)
Mary Annette Pember: Tribal member arrested for string of arsons (12/2)
Tiffany Midge: The women are here and we have a message for you (12/2)
Standing Rock Sioux Tribe calls for safety as veterans head to camp (12/1)
North Dakota sheriff scrubs Facebook of incriminating information (12/1)
Sen. Heidi Heitkamp considers role in Donald Trump administration (12/1)
Daniel Brown: Ho-Chunk Nation celebrates a new day in Wisconsin (12/1)
Lakota Country Times: #NoDAPL kitchen in need of more supplies (12/1)
Native Sun News Today: Standing Rock Sioux Tribe summons allies (12/1)
Vi Waln: Sacred fire burns at Oceti Sakowin camp in North Dakota (12/1)
Ivan Star Comes Out: Veterans at Standing Rock for the good fight (12/1)
Native Sun News Today: Duane Big Crow relishes role in coaching (12/1)
Clara Caufield: Community at Northern Cheyenne stays connected (12/1)
Steven Newcomb: A message to the Donald Trump administration (12/1)
Alaska Native designer brings subsistence fashion to new audience (12/1)
Tohono O'odham Nation and state remain at odds in casino dispute (12/1)
United Keetoowah Band won't talk about plans for potential casino (12/1)
Wilton Rancheria continues to face mysterious opposition to casino (12/1)
Non-Indian firm set to open $1.3B casino outside of nation's capital (12/1)
Native youth remain hopeful as nation transitions to new president (11/30)
Sioux Nation to President Obama: Stop the Dakota Access Pipeline (11/30)
Mark Trahant: Indian health care at risk with Trump administration (11/30)
Lakota Country Times: Herbalist brings medicine to Standing Rock (11/30)
Dana Lone Hill: A big 'wopila' to all the #NoDAPL water protectors (11/30)
Kelly Hayes: My whole heart is with the #NoDAPL water protectors (11/30)
Large veterans group heads to #NoDAPL frontline in North Dakota (11/30)
Native Sun News Today: Northern Cheyenne college hosts summit (11/30)
James Giago Davies: Mixed-race Indians forced to choose identity (11/30)
Cronkite News: Navajo chef takes helm at NMAI in nation's capitol (11/30)
Billy Stratton: The soldiers who refused the Sand Creek Massacre (11/30)
Gabriel Ray: Scotts Valley Band working to re-establish homeland (11/30)
Steve Russell: Resisting apartheid and genocide in the Trump era (11/30)
Charges filed after two children found malnourished at Pine Ridge (11/30)
Four Alaska Natives dead amid state outbreak of strep bacteria (11/30)
Pokagon Band breaks ground on housing project on Indiana land (11/30)
Ancestral remains found in Washington are about 2300 years old (11/30)
Former casino worker took $23K from Northern Cheyenne Tribe (11/30)
Sheriff hit with lawsuit as governor moves in on #NoDAPL camp (11/29)
Dakota Access Pipeline almost finished except at Lake Oahe site (11/29)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.