Among the defendants in the lawsuit is Scott Tucker, a professional race-car driver from Kansas City, Kan. Tucker became a millionaire from the payday-lending business he started more than a decade ago. When state investigators started digging into the companys practices, Tucker came up with a plan to sell the business to three Indian tribes while continuing to run the company and to collect most of its profits, according to recent court records filed in Cash loans wanganui. The Center for Public Integrity and CBS News jointly investigated and exposed Tuckers involvement in the tribal payday lending business in September.
Critics have cash loans wanganui this tactic rent-a-tribe and other lenders have copied the practice. Several states have tried to take action against the company without success.
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