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Online lender settles New York lawsuit amid crackdown on massive 'payday' loans

January 24th, 2014 by [shareaholic app="share_buttons" id="27157108"]

By Around the Web NEW YORK (Reuters) – U.S. online lender Western Sky Financial LLC has agreed to pay a $1.5 million penalty and provide refunds to New York borrowers on loans for which it charged interest rates as high as 355 percent, the New York attorney general said on Thursday….(read more)

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