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    State Settles With Companies Charging ‘Exorbitant’ Interest Rates

    The state has reached a settlement with two companies that issued loans at annual interest rates of up to 355 percent, Connecticut Banking Commissioner Howard F. Pitkin announced Wednesday.
    CashCall Inc. and Western Sky Financial LLC have agreed to pay a $355,000 fine and pay restitution to affected borrowers.


    Source articles.courant.com

    Notes

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