Condition pubs net lender, gains $11.7M settlement over ‘rent-a-tribe’ loans
CashCall Inc., an internet loan provider implicated of concealing behind an American Indian tribe to break county statutes, consented to pay nearly $12 million to stay expenses filed by Minnesota’s lawyer general.
The business, based in Ca, has also been banned from additional business inside county, Attorney General Lori Swanson mentioned Thursday.
“The business engaged in a more sophisticated plan to collect costs much more than enabled by county law,” Swanson said in announcing the settlement. Continue Reading
