Monthly Archives: January 2017

Payday lender CashCall Inc. will repay $1,300 per customer on average

PHILADELPHIA — The U.S. government states sufficient facts to convict two men of using  indian tribes as fronts for dozens of illegal payday lending businesses that brought in more than $680 million in five years, a Pennsylvania federal judge ruled Dec. 29 after finding that neither tribal law nor sovereign immunity can shield the men from claims that they operated a racketeering conspiracy using a “rent-a-tribe” scheme (United States of America v. Charles M. Hallinan, et al., No. 2:16-cr-130, E.D. Pa.; 2016 U.S. Dist. LEXIS 179625).

CashCall Settles District Of Columbia Usury Suit For $2.9 Million

WASHINGTON, D.C. — Payday lender CashCall Inc. will repay customers more than $1.8 million — about $1,300 per customer on average — and forgive another $1 million in loan debt to settle claims by the District of Columbia that the company charged illegally high interest rates, according to a consent order filed Jan. 11 in the District of Columbia Superior Court, which previously rejected CashCall’s attempts to shield itself from lending laws through tribal sovereign immunity (District of Columbia v. CashCall Inc., et al., No. 2015 CA 006904 B, D.C. Super.). Tribal Courts