Investigation and pending class action lawsuit against CashCall for its deceptive and predatory consumer loans.
The class action lawsuit alleges CashCall, Inc. of engaging in predatory lending by making loans to consumers at exorbitantly high and unconscionable rates, without regard to the borrowers ability to repay the loan. Additionally, the class action lawsuit alleges that the high interest rates, oppressive loan terms, and protracted repayment time make it impossible for most consumers to pay off their loans within any reasonable time period. The lawsuit also challenges CashCall's aggressive and abusive debt collection practices, which include making frequent and repeated harassing telephone calls to consumer's residence and places of employment, as well as revealing personal financial information to third parties.
Name (Stock Symbol)
CashCall, Inc. is an online lead generation company for the mortgage and consumer fiance industry.
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