Category: Title Loans Florida

State bars lender that is internet wins $11.7M settlement over ‘rent-a-tribe’ loans

State bars lender that is internet wins $11.7M settlement over ‘rent-a-tribe’ loans

CashCall Inc., an internet lender accused of hiding behind A united states Indian tribe to break state regulations, decided to spend almost $12 million to stay costs filed by Minnesota’s attorney general.

Thursday the company, based in California, was also barred from further business in the state, Attorney General Lori Swanson said.

“The business involved in an elaborate scheme to collect re re payments far more than permitted by state legislation, ” Swanson stated in announcing the settlement.

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