User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


64° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Cooper Announces Lawsuit Against Online Lender

December 16, 2013, 3:43 PM
Updated: December 16, 2013, 4:32 PM

Cooper Announces Lawsuit Against Online Lender
RALEIGH, NC -

Officials in North Carolina are suing an out-of-state online lender, its related companies and their owner for offering loans that in some cases charge borrowers up to 342 percent interest.

N.C. Attorney General Roy Cooper and the North Carolina Office of the Commissioner of Banks filed suit Monday against Western Sky Financial, CashCall, related companies and owner John Paul Reddam for violating state laws banning outrageous interest rates on small consumer loans.

Cooper's office said a similar lawsuit has been filed in Colorado.

South Dakota-based Western Sky says it's exempt from state laws that ban its loans because it claims to be an Indian tribal entity.

The complaint says loans of $850 to $10,000 charged annual interest rates from 89.68 percent to 342.86 percent, far above what state law allows.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View news

You may also like

Woman Killed In Sioux Falls Home

4/16/2014 6:01 PM

Sioux Falls police are investigating a murder in the southwest part of the city.

Full Story
SF Murder Victim Stabbed, Suspect Got Pills

4/17/2014 10:12 AM

Sioux Falls Police have released the names of the suspect and victim in the city's second homicide of 2014.

Full Story
Missing Girls Case Update On Tuesday

4/15/2014 7:15 AM

Authorities plan to release an update on the investigation into the 1971 disappearance of two South Dakota girls.

Full Story
Remains Found In Car Are Missing Girls

4/15/2014 1:39 PM

After more than 40 years, the families of two missing teenage girls now know what happened to them.

Full Story
Evidence From Car Led Authorities To Cold Case Conclusion

4/16/2014 11:35 AM

A more than 40-year-old cold case has been closed after South Dakota authorities announced on Tuesday the remains found in an old Studebaker submerged...

Full Story


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED