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Redbud Financial Alternatives, Inc.
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Redbud Financial Alternatives, Inc. is a Tribal Lending Entity (TLE) wholly owned by the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a federally-recognized Native American tribe. The company operates online, offering small-dollar installment loans designed to provide emergency cash to consumers who may not have access to traditional credit sources. As a TLE, it asserts tribal sovereign immunity from certain state laws and regulations, particularly those concerning interest rate caps.
United States
Industry
Financial