Officials state pay day loan company CashCall attempted to evade guidelines by improperly invoking tribal immunity that is sovereign.
The Minnesota Commerce Department and Attorney General has now reached a sweeping $4.5 million settlement with a California-based internet payday lending business that victimized numerous of Minnesotans with unlawful, high-interest loans.
The settlement has been CashCall Inc., its companies that are affiliated owner J. Paul Reddam.
“we have been focused on protecting customers and breaking down on unlawful, misleading financing methods that victimize susceptible Minnesotans.”
CashCall financed high-interest, quick-approval loans that are payday customers online, according to a news launch. Continue reading