WHO GETS IT?- $144MM Up For Grabs as Merchants Bank of Indiana Sues Account Holders and CFPB In Unusual Interpleader Action

A guy named J. PAUL REDDAM apparently holds bank accounts through his various entities with over $144MM on deposit at Merchants Bank of Indiana.

Reddam was apparently sued by the CFPB– along with his entities Cashcall, Inc. Absolutely Zero Corporation, and others–and lost to the tune of over $130MM.

He appealed. He lost again…

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