AG Nessel sues online lender that is tribal ‘predatory’ financing methods

Michigan Attorney General Dana Nessel has filed case to guard customers from online lenders that are short-term significantly 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 press that is”full-court stop the predatory methods of online tribal loan provider Sierra Financial,” in accordance with a declaration released Thursday. Continue reading