Civil Litigation
Jan. 6, 2025
CashCall loses 2nd appeal, must pay $134M
CashCall Inc. must pay over $134 million for illegal lending practices, as ruled by the 9th Circuit. The court rejected CashCall's jury trial claim.
CashCall Inc. must pay more than $134 million in restitution for illegal lending practices, according to a 9th U.S. Circuit Court of Appeals panel, affirming a district court's judgment on remand.
The case stems from a Consumer Financial Protection Bureau action against the lender. The agency claimed that CashCall engaged in an "unfair, deceptive, or abusive act or practice" by attempting to collect interest and fees to which it was not legally entitled. In 2018, U.S...
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