Violation Tracker Individual Record

Company: 
Western Sky Financial, LLC and CashCall, Inc.
Current Parent Company: 
CashCall Inc.
Penalty: 
$24,700,000
Year: 
2015
Date: 
May 14, 2015
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Secondary Offense: 
payday lending violation
Violation Description: 

Western Sky Financial, LLC and CashCall, Inc. agreed to set up a $2.2 million settlement fund in settlement of allegations they made unlicensed loans with illegally high interest rates in to Michigan customers. Later releases note that the total monetary value of the settlement including cancelled and modified loans was $24.7 million.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Michigan Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Michigan
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.