|This email was sent to you by:|
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
Online lender settles New York lawsuit amid crackdown on massive 'payday' loans
NEW YORK (Reuters) - U.S. online lender Western Sky Financial LLC has agreed to pay a $1.5 million penalty and provide refunds to New York borrowers on loans for which it charged interest rates as high as 355 percent, the New York attorney general said on Thursday.
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.