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10,000 consumers to benefit from state deal with loan company
Thousands of desperate Virginia consumers who borrowed money from a supposed Native American company called Western Sky Financial soon will have their loans forgiven or will get a refund of the illegal sky-high interest they paid. Virginia Attorney General Mark Herring announced the refunds and loan forgiveness for borrowers Tuesday in disclosing a settlement with the company, CashCall Inc., that posed as the now defunct Western Sky in what he described as a deceptive and illegal borrowing scheme.
