Online Payday Lender Western Sky To Stop Funding Loans Sept. 3

Online Payday Lender Western Sky To Stop Funding Loans Sept. 3

If you’ve watched daytime TV in recent years, you’ve more than likely seen ads for Western Sky Financial a payday lender operating out of a tribal reservation in South Dakota. Facing lawsuits from around the country and increased scrutiny from regulators over triple-digit interest rates for its short-term loans, the company has announced it will stop funding new loans on Sept. 3. [More]