Nike has staked a claim as a corporate leader on sustainability. Yet company disclosures show that its jets emitted almost 20% more carbon dioxide last year than in 2015. It’s one small factor in Nike’s failure to slash emissions as promised.
The Lac du Flambeau tribe is at the center of a $1 billion class-action settlement that comes after years of fending off claims of predatory lending practices. In an investigation published today, we found:
600% Online Loans: A Wisconsin tribe built a lending empire on high-interest lending, relying on its sovereign rights to avoid state interest rate caps.
Bankruptcies and Complaints: A ProPublica analysis found that the tribe’s companies are mentioned frequently in personal bankruptcies and consumer complaints.
Groundbreaking Settlement: A proposed class-action settlement involving the tribe’s officials promises to deliver extraordinary relief to borrowers, erasing over $1 billion in debt.
