Two tribes in Oklahoma hit with complaints over payday lending

Seven businesses owned two tribes in Oklahoma represent 30 percent of the complaints filed against payday lenders, News on 6 reports.

The Better Business Bureau in Tulsa has received more than than 2,000 complaints against MTE Financial Services, 500 FastCash, Instant Cash USA and Cash Advance Network -- all owned by the Modoc Tribe. Ameriloan, United Cash loans, and USFastCash -- owned by the Miami Nation -- also have been targeted.

"The fact the tribe supposedly owns the company is not the problem. It's the business practices," the Rick Brinkley, the president/CEO of the BBB in eastern Oklahoma, told News on 6.

The tribes operate the businesses under their own laws, which differ from the state's laws.

Get the Story:
Complaints Filed Against Miami-Area Tribal Payday Loan Companies (News on 6 9/26)

Related Stories
Center: Tribes bankroll auto racer with payday loan business (9/26)

Join the Conversation