NEWARK, N.J. - Advancing usury claims against CashCall Inc., a federal judge blasted the “sham dispute-resolution procedures” that the payday lender invoked to apply the laws of the Cheyenne River Sioux Tribe.
Earlier this month, the lender sued a law firm that it says advised its tribal partnership to avoid state lending laws. CashCall and Western Sky Financial paid Nebraska $1.6 million last year to settle claims about its false tribal affiliation. An unrelated case about CashCall’s 135 percent interest loans is pending in California.
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