29
Aug

Rent a Tribe Schemes, Fintech Objections & the Logic Behind Them

Rent a Tribe Payday Loan Companies

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“Those who oppose the idea of American Indian tribes operating successful businesses that compete with non-tribal rivals sometimes use offensive terms to create the illusion of nefarious conduct. One of the ugliest assertions is that a tribe’s success occurs by “renting” itself to non-tribal members, who abuse it for iniquitous purposes.”

“The term “rent-a-tribe” originated in gaming, where attacks started as soon as tribes became a competitive threat to non-tribal casinos. Opponents suggested that tribes’ practice of hiring capable vendors to provide services related to casino operations was akin to “renting” sovereignty and detracted from the tribal ownership of the business, even though many non-tribal entrepreneurs engage in identical outsourcing practices when starting a new business in a regulated industry.”

The term “rent-a-tribe” grossly misrepresents American Indians, their intellectual abilities, and business acumen.

American Indian tribes are sovereign; they have the inherent authority to govern themselves free from outside interference. Sovereignty is acknowledged by the federal and state governments through treaties, laws, executive orders, and intergovernmental agreements, and confirmed by centuries of U.S. Supreme Court and…

Read More: The Times Herald

Want to learn how to launch a consumer loan business? Internet lending? Store-front lending? Licensing? Need to talk to an expert? Step-by-step procedures for “how to lend money to the masses.” Visit: The Business of Lending to the Masses

For a complete set of tribal lending documents: Tribe Lending Entities 5th item down on this page.

How to Start a Consumer Loan Business: Installment lending, car title loan lending, payday loan lending, personal loan business

Click This Image for Some Light Reading 🙂 Over Your Weekend!

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