Violation Tracker Individual Record

Company: 
Western Sky Financial, CashCall Inc. and WS Funding
Current Parent Company: 
CashCall Inc.
Penalty: 
$750,000
Year: 
2016
Date: 
June 24, 2016
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

Western Sky Financial, CashCall Inc., WS Funding and their owners jointly agreed to pay $750,000 to settle accusations of conspiring to offer illegal payday loans online to Arkansans while claiming to be affiliated with a Native American tribe.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Arkansas Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Arkansas
HQ Country of Parent: 
USA
HQ State of Parent: 
California
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Notes: 

Joint settlement is $500,000 restitution and $250,000 to Arkansas Consumer Education.

Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.