TitleMax Appeal Over State Enforcement Raises Timing Quandary

A panel of federal appellate judges wrestled with the timing of a constitutional challenge from the South Carolina unit of consumer lender TitleMax over a potential $52.7 million penalty for violating Pennsylvania’s interest rate caps.

While the three-judge panel of the US Court of Appeals for the Fourth Circuit seemed open to some of TitleMax’s procedural claims for advancing its case at oral arguments Wednesday, they struggled with whether now is the correct moment to address questions over interstate commerce.

TitleMax of South Carolina is attempting to overturn a decision last August in the US District Court for the District ...