Consent order forces lenders to cease payday loans

CONCORD — Two unlicensed payday loan companies and their CEO, accused of making payday loans or small loans to hundreds of New Hampshire consumers, have agreed to a consent order with the New Hampshire Banking Commission to provide refunds to customers and pay up to $188,000 in fines.

The consent order ends a lengthy dispute over unlicensed lending by CashCall, Inc., WS Funding, LLC and the president and CEO of both companies John Paul Reddam, according to a press release.

https://www.unionleader.com/news/business/consent-order-forces-lenders-to-cease-payday-loans/article_40c986c1-876d-5de7-8e85-c003c4093ae2.html