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Oklahoma tribe confirms to pay $48 million in order to avoid prosecution in payday loaning program

Oklahoma tribe confirms to pay $48 million in order to avoid prosecution in payday loaning program

Two businesses controlled by the Miami group of Oklahoma need consented to spend $48 million to avoid national prosecution because of their involvement in a credit design that recharged applicants rates up to 700 %.

In the Miami group’s contract with the federal government, the group recognized that a tribal adviser registered fake factual declarations in a number of state legal measures.
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