Violation Tracker Individual Record

Company: 
Western Sky Financial, LLC, CashCall, Inc.
Current Parent Company: 
CashCall Inc.
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
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 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
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.