This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...
You have to be a subscriber to view this page.

Civil Litigation,
Government

Oct. 19, 2017

Trial ends for loan company that claimed it was not subject to state or federal law

The financial officer for CashCall Inc. said that borrowers of loans the company purchased knew they would pay high fees and interest.

Trial ends for loan company that claimed it was not subject to state or federal law
NOLAN

LOS ANGELES — The chief financial officer of a loan company defended its practices during the final day of a trial in which the company is accused of collecting on loans it claimed were not subject to state or federal law.

Del Meeks, the financial officer for CashCall Inc., said Wednesday that borrowers of loans the company purchased from Western Sky Financial LLC knew they would be paying high fees and interest rates.

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up