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Rocky Boy online company seen as economic development tool

November 23, 2009 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

The Chippewa Cree Tribe of Rocky Boy’s Indian Reservation has started a new business in an effort to stimulate economic development. Dan Belcourt, attorney for the tribe, said during a conference call with the Havre Daily News Oct. 22 that last spring it entered the world of Internet loans with PDL Ventures, an online payday loan company.

Tim Leeds Havre Daily News [email protected]

Full Story: http://www.havredailynews.com/articles/2009/11/20/local_headlines/world.txt

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Online Payday Loans Lending practices spark nationwide concerns

A business started last spring by the Chippewa Cree Tribe of Rocky Boy’s Indian Reservation has brought the Tribe and the Montana state government into the middle of a legal question of rising intensity across the nation: Are Internet payday loan companies on Indian reservations subject to state laws and regulation? Judy Beck, spokeswoman for the Montana attorney general’s office, said the office is investigating a complaint made against PDL Ventures at Rocky Boy.

Tim Leeds Havre Daily News [email protected]

Full Story: http://www.havredailynews.com/articles/2009/11/20/local_headlines/local.txt