Maryland Commissioner of Financial Regulation v. Cashcall, Inc.

This appeal requires that we delve into the question of what constitutes a “credit services business” under the Maryland Credit Services Business Act (“MCSBA”). 1 This issue arose when, prompted by consumer complaints, the Maryland Commissioner of Financial Regulation, 2 appellant, conducted an investigation into the business activities of CashCall, Inc., a California corporation, and its president and sole share-holder, John Paul Reddam, appellees. The Commissioner found that CashCall had arranged, from 2006 to 2010, more than 5,000 loans for Maryland consumers, loans which were issued by…