Cashcall, Inc. v. Maryland Commissioner of Financial Regulation

In the instant case, we address whether the definition of a “credit services business” under the Maryland Credit Services Business Act (“the MCSBA”) 1 requires there to be a direct payment from a consumer to a company whose primary business is to assist consumers in obtaining loans that would be usurious under Maryland law. The Commissioner of Financial Regulation of the Department of Labor, Licensing, and Regulation (“the Commissioner”) 2 brought an administrative enforcement action against Petitioners, CashCall, Inc. (“CashCall”), a California corporation, and John Paul Reddam (“Reddam”),…