September 6, 2019 / 8:45 PM / 16 days ago

Case to Watch: CashCall, CFPB to clash at 9th Circuit

The Consumer Financial Protection Bureau and online lender CashCall will square off Monday in the 9th U.S. Circuit Court of Appeals in a “rent-a-tribe” case that tests the bureau’s enforcement powers.

Both sides contest a January 2018 verdict by a federal judge in Los Angeles, who ordered CashCall to pay a $10.3 million penalty for demanding payment on loans that violate the licensing and usury laws of 13 states.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2lGV6fK

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