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Violation Tracker Individual Record

Company: Western Sky Financial, LLC, CashCall, Inc.
Current Parent CompanyCashCall Inc.
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $42,000,000
Year: 2017
Date: February 8, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: payday lending violation
Mega-ScandalPredatory Lending
Violation Description: Western Sky Financial, LLC, CashCall, Inc. and related entities agreed to pay $23.5 million in restitution, forgive $17 million in loans and pay $1.5 million in penalties, fees and costs, in settlement of allegations they violated Georgia's Payday Lending Act by being an unlicenced lender and charging above the legal interest rate.
Level of Government: state
Action Type: agency action
Agency: Georgia Attorney General
Civil or Criminal Case: civil
Facility State: Georgia
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.