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Maryland Commissioner of Financial Regulation Announces $2 Million Settlement with Western Sky Financial, CashCall, Inc. among others

BALTIMORE, MD (June 23, 2014) – The Maryland Department of work, Licensing and Regulation’s (DLLR) Commissioner of Financial Regulation

, Mark Kaufman today announced a permission contract to address abusive payday lending and collections tasks involving Western Sky Financial, CashCall, Inc., their managing shareholders and many associated entities. The settlement terms are respected at around $2 million. Furthermore, Western Sky, CashCall plus the other participants are completely forbidden from doing any economic solutions associated tasks in Maryland that require licensing, including originating, brokering or servicing any home loan, customer or other loan involving Maryland customers. Continue reading