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Storefront payday lenders criticize online rivals for affiliating with Indian tribes. Fights over tribal payday lenders expose challenges of financial reform

Storefront payday lenders criticize online rivals for affiliating with Indian tribes

Completely new consumer Financial Protection Bureau has authority to handle industry that is payday

Introduction

A U.S. band of storefront payday creditors is distancing itself from some online lenders that are payday saying they wish to avoid state legislation by partnering with Native America tribes.