Chukchansi Tribe is the latest to jump into payday loan industry

The Picayune Rancheria of the Chukchansi Indians of California has started an Internet payday loan business.

The tribe started offering loans online last month, The Fresno Bee reported. A former council member who was ousted despite winning an election opposed the new venture.

"Who is going to make all the profit from it?" Dora Jones told the paper. "Payday loans gouge consumers so much that they can't get out from under."

The tribe is a member of the Native American Financial Services Association.

Get the Story:
Payday loans the latest venture for Chukchansi tribe (The Fresno Bee 7/11)

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