February 22, 2024
Minnesota officials and Montana's Fort Belknap Indian Community have agreed to settle claims that the tribe's economic development corporation engaged in predatory lending practices by charging interest rates up to 800% on loans to thousands of state residents.
October 31, 2023
The state of Minnesota is asking a federal district court for an injunction against a Montana tribal economic development entity and its employees to bar them from issuing online loans, claiming the company's lending subsidiaries charged interest rates as high as 800% to thousands of its residents.