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Violation Tracker Individual Record

Company: Western Sky Financial, LLC and CashCall, Inc.
Current Parent CompanyCashCall Inc.
Parent at the Time of the Penalty Announcement subscribe to see this data field
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 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.