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Topping April’s losses is a $500 million settlement between the Habematolel Pomo of Upper Lake tribe – a federally recognised Native American sovereign nation – and a class of around 555,000 clients of several online lending firms owned and founded by the California-based Pomo.
In 2019, a consumer class started litigation proceedings against the Pomo for unfair and deceptive lending practices, which reportedly included charging triple-digit interest rates on small loans, using aggressive
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