When tribes team up with payday lenders, who profits. Photos by Mark Richards for Al Jazeera America. The stories and graphics for Payday Nation were memphis online payday loans and produced in collaboration with the Stabile Center for Investigative Journalism at Columbia University in New York. Published on Tuesday, June 17, 2014. UPPER LAKE, Calif. вЂ The whitewashed, one-story office just off CaliforniaвЂs Highway 20 doesnвЂt look like much.
But the building is listed as the address of at least four thriving financial enterprises. They are part of the multibillion-dollar industry of online payday loans: short-term loans of up to 1,000 that are sought by low-income people whose bad credit makes them so desperate for a cash advance they will accept interest rates that can exceed 400 percent.
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