Plain Green — an on-line financing operation owned by the Chippewa Cree Tribe for the Rocky Boy’s Indian Reservation in Montana — markets itself being a supply for “emergency money lending. ” Its site that is online remained operation in very early July.
Plain Green just isn’t a licensed loan provider in their state of Michigan, based on the Michigan Department of Insurance and Financial solutions. However it is not necessary become certified as it’s a tribally owned firm.
In 2018, about 45,000 installment loans had been created by licensed loan providers in Michigan for a complete of $699 million, having a normal loan size of approximately $15,500. (more…)