Tribal lender Minto Money has boosted the economy of its Alaska town. But some tribal members are appalled by the millions it’s made off desperate borrowers — much of which, lawsuits allege, has gone to outsider Jay McGraw, son of Dr. Phil.
Today’s feature is the latest in our series on how online lenders affiliated with Native American tribes are often able to skirt state laws, offering short-term loans with 600% interest rates or more. That successful business model comes at a punishing cost for consumers. Catch up on our earlier pieces:
Number of the roughly 15,000 employees at the Environmental Protection Agency who responded to a January plea from then-acting agency Administrator James Payne to notify the EPA or the Office of Personnel Management about colleagues focusing on diversity, equity and inclusion. Find out more about what we learned from records requests in “Trump Asked EPA Employees to Snitch on Colleagues Working on DEI Initiatives. They Declined.”
