"Rent-a-tribe” is an inaccurate and derogatory description for a business model offering small dollar credit products that continue to appeal to 14M - 18M U.S. borrowers very year. It's not a "loophole" but rather another method for meeting the needs of the average consumer in America today who simply can't get access to $300 - $1500 in an emergency FAST.

The States don't care about their constituents. They simply want to increase their revenue by charging legitamate tribal businesses licensing and audit fees. Additionally, existing State licensed entrepreneurs having "serious" capital invested in State licenses, compliance, buildings and leases, employees, signage... want the tribe internet lenders driven out of business. Follow the money... Demand for these products is not going away UNLESS the shackles are removed from entrepreneurs by the State in order to create more and higher paying jobs.

Bureaucrats are focused on the "wrong hand."