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CashCall Enforcement Shows Why Judgment Collateral Matters
Updated: Oct 25
The enforcement judgment
The Consumer Financial Protection Bureau's public enforcement record states that, on February 10, 2023, a federal district court entered judgment imposing a $33,276,264 civil penalty and $134,058,600 in restitution against CashCall, Inc. and related defendants.
The CFPB reports that the Ninth Circuit affirmed the judgment on April 24, 2025, the U.S. Supreme Court denied certiorari on March 2, 2026, and the district court denied a Rule 60(b) motion on September 11, 2026.
The collateral and custody problem
A separate federal interpleader action filed by Merchants Bank of Indiana on July 2, 2026 named the CFPB, CashCall, and other parties. The public docket later recorded a notice of CashCall's bankruptcy filed on July 24, 2026. An interpleader filing places competing claims before a court; it does not, by itself, determine who is entitled to the disputed property.
Why judgment creditors care
A final judgment establishes liability and an amount, but recovery still depends on identifying assets, establishing priority, overcoming competing claims, and navigating any bankruptcy stay or claims process. Control of cash or collateral by a bank, custodian, affiliate, or third party can create a separate procedural dispute.
• Trace custody and legal title before assuming an asset is available.
• Search for competing liens, levies, assignments, and claims.
• Monitor bankruptcy filings and automatic-stay implications.
• Avoid predicting recovery from the face amount of a judgment alone.
Primary sources
This article is for general informational purposes only. It is not legal, tax, accounting, or investment advice, does not create an attorney-client relationship, and should not be relied on for any specific matter. Laws, court orders, deadlines, and procedural rules can change and may vary by jurisdiction. Consult qualified counsel and other professional advisers about the facts of your matter.
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