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Virginians are using a lead attacking whatever they state is really a loophole that is legal has kept a huge number of individuals stuck with financial obligation they cannot escape.

The outcome involves loans at interest levels approaching 650 % from an on-line loan provider, Big Picture Loans, connected with a tiny Indian tribe on Michigan’s Upper Peninsula.

It pits customer claims that the loans violate state law up against the tribe’s claims that longstanding U.S. legislation makes its loans resistant from state oversight. (more…)