Law360 (September 9, 2019, 9:38 PM EDT) -- A Ninth Circuit judge appeared skeptical Monday of the Consumer Financial Protection Bureau’s argument that a lower court erred by issuing a $10 million judgment against CashCall Inc. for deceptively collecting on illegal payday loans, instead of the over $200 million the agency sought.
During a hearing in Pasadena, California, U.S. Circuit Judge Ryan D. Nelson said CashCall and its executives didn’t know from the outset that they were being deceptive in trying to collect loans, and therefore CashCall’s civil damages and liability is on a "sliding scale."
“It does strike me we are on a sliding scale on how deceptive these were,”...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!