CashCall Urges 9th Circ. To Toss $10M Fine In CFPB Case

Law360 (April 15, 2019, 8:18 PM EDT) -- CashCall has urged the Ninth Circuit to overturn a lower court ruling ordering the lending company to pay $10 million for offering high-interest loans through a tribe-linked firm in states where payday loans are barred.

The company, which provided loans online and over the phone, is seeking to undo a California federal court’s January 2018 ruling that it must pay a $10 million fine, while the Consumer Financial Protection Bureau is contesting the court’s holding that CashCall Inc. didn’t have to pay more than $200 million in restitution for the loans. 

CashCall said in a reply brief Thursday that “a waterfall...

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