WV consumers charged up to 99 percent interest may find relief
A California company has been accused of illegally charging West Virginia consumers sky high interest rates -- up to 99 percent -- and of having abusive debt-collection practices. The internet lender CashCall was sued in 2008 by West Virginia because the state Attorney General said the company used a bank in South Dakota to get around law in West Virginia that would have protected consumers. The trial wrapped up in February, and the state has been waiting for the judge's ruling since then. It's gained more attention now because the owner of CashCall also owns the famous horse, I'll Have Another, who won this year's Preakness and Kentucky Derby.