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Reality Check Always: Despite In Contrast Evidence, Tribal Head Claims Its Pay Day Loan Company Helps Community

Reality Check Always: Despite In Contrast Evidence, Tribal Head Claims Its Pay Day Loan Company Helps Community
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RHETORIC: Habematolel Pomo of Upper Lake Chairperson Claims Tribal Cash Advance Company Is Vital to Community’s Economic Developing

“Sherry Treppa, the chairperson of Habematolel Pomo of Upper Lake, a federally-recognized Indian tribe, stated that getting and operating small-dollar lending companies is an important area of the community’s financial development strategy plus the proposed guideline would harm the tribe’s economy. The income from those companies has helped to finance Tribal government solutions such as for instance training and scholarship programs, physical physical physical violence and committing committing committing suicide avoidance programs, as well as other social solutions. ” Washington complimentary Beacon: “Tribe claims Regulations Will Harm Its Economic Prospects, ” 2/18/16

TRUTH: Investigative Report discovered minimal for the cash Generated through the Tribal Council of Habematolel Pomo’s Payday Lending Operations Went to profit Tribal people

The Tribal Council of Habematolel Pomo of Upper Lake Has Payday Lending Operations “Yet minimal regarding the income That Flows Through These Tribal Businesses leads to The Rancheria or Benefiting Tribal Members. ”

“And it is no coincidence that the structure that is same houses any office associated with the tribal council regarding the Habematolel Pomo of Upper Lake. The Native American tribe’s lending enterprises have actually names like Silver Cloud Financial and hill Summit Financial, showing the indigenous American history regarding the rancheria, since these settlements are known as. The U.S. Federal federal government established them for landless Indians in Ca during the early twentieth century, but unlike reservations, just one rancheria range from users of numerous tribes. Continue Reading →

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