The CFPB announced on Monday that it is suing CashCall Inc. along with its owner, subsidiary and affiliate for allegedly collecting funds consumers did not owe the company.
"The CFPB alleges that the defendants engaged in unfair, deceptive and abusive practices, including illegally debiting consumer checking accounts for loans that were void," said a CFPB press release.
J. Paul Reddam owns the California-based company, its subsidiary, WS Funding LLC, and its affiliate, Delbert Services Corp., a Nevada collection agency.
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