CFPB, CashCall Spar Over Possible $287M In Restitution
By Jack Newsham ( November 21, 2017, 3:48 PM EST) -- The Consumer Financial Protection Bureau squared off against CashCall Inc. and its affiliates in California federal court on Monday about whether it would be appropriate to make the online lender pay as much as $287 million for deceiving consumers, with the CFPB calling the company's loans "financial snake oil" and CashCall saying its business was legitimate....
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