Minto, Alaska, about 50 miles from Fairbanks (Marc Lester/Anchorage Daily News) |
Reporter Kyle Hopkins of the Anchorage Daily News traveled to the small community of Minto, Alaska, to investigate how one lending business is bringing in much-needed revenue but also dividing the town over ethical concerns and questions about who benefits. Hopkins’ reporting, along with that of ProPublica reporters Megan O’Matz and Joel Jacobs, revealed that the company — which is able to charge 700% APR because it’s owned by a Native American tribe — is tied to Dr. Phil’s son. (Yes, the same powerhouse TV personality Dr. Phil who once told his millions of viewers to “avoid debt like the plague.”)
“Dr. Phil knows his son Jay to be a smart, strong, caring human being and while he does not know his business Dr. Phil supports him 100%,” a spokesperson for Merit Street Media, which airs “Dr. Phil Primetime,” said in a statement. “The suggestion that Jay’s business ignores or is even comparable or relevant to advice from Dr. Phil or Dr. Phil Primetime on Merit Street Media is false and only included in your article as click bait.”
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