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Cooper announces lawsuit against online lender (access required)

RALEIGH — Officials in North Carolina are suing an out-of-state online lender, its related companies and their owner for offering loans that in some cases charge borrowers up to 342 percent interest. N.C. Attorney General Roy Cooper and the North Carolina Office of the Commissioner of Banks filed suit Monday against Western Sky Financial, CashCall, related companies and owner John Paul Reddam ...

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