Endless Debt: Native People In America Suffering From High-Interest Loans
“These lenders are circling the reservations,” said Arvind Ganesan, manager of Human Rights Watch’s company and rights that are human, that has investigated lending methods on reservations in numerous states. “Their business structure would be to search for probably the most susceptible, poorest people and create shop.”
Ganesan’s research, which surveyed almost 400 Native Us citizens in brand new Mexico and Southern Dakota reservations, unearthed that half had utilized small-dollar, often high-interest loans—the style of lending options advocates call predatory. […]