Tennessee Regulators Approve Combination Of Sports Gambling And loans that are high-Risk

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Tennessee Regulators Approve Combination Of Sports Gambling And loans that are high-Risk "From a responsible gaming [perspective], it seems just a little down, but it complies with statute.” With what seems comparable to zoning for a alcohol shop close to an liquor abuse rehabilitation center, Tennessee recreations wagering regulators on Wednesday authorized a loan provider of high-risk “ flex loans ” — with around 279.5per cent yearly interest prices — to simultaneously act as a shop where you could deposit gambling funds in to the company’s affiliated sportsbook, Action 24/7 . The Nashville, Tenn.-headquartered business, Advance Financial, runs in 13 states and contains over 100 real storefronts in Tennessee , a situation in which the payday and “flexible” lending regulatory environment is uniquely favorable, and culturally more appropriate. Tina Hodges…
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