Payday Lenders Suit Settled

Another payday lender lawsuit has been settled.

This particular case relates to a predatory lending suit against CashCall and Western Sky Financial, who are accused of evading lending regulations by making false claims that they had tribal affiliation.

As a result of the outcome, the state of Nebraska will accept a $1.6 million settlement. This settlement comes just one day after the suit was filed in court.

http://www.pymnts.com/news/regulation/2016/payday-lender-regulation/