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Oklahoma tribe is fined for online lending that is payday

Oklahoma tribe is fined for online lending that is payday

The best choice for the Red Rock-based Otoe-Missouria Tribe and two Web payday loan providers it owns were fined $1.5 million by banking regulators in Connecticut to make rate that is high-interest to residents here.

The Connecticut Department of Banking on fined Tribal Chairman John Shotton $700,000 for making loans to Connecticut residents that violate caps on interest rates there monday. Read More