CashCall Settles District Of Columbia Usury Suit For $2.9 Million

(January 12, 2017, 9:50 AM EST) -- 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.)....

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