Monthly Archives: June 2016

Supreme Court Denies Madden v. Midland Funding Cert. Petition

The Supreme Court has denied Midland Funding’s petition for certiorari. As a result, the 2nd Circuit’s holding that nonbank assignees are not entitled to NBA preemption if they are not acting on behalf of a national bank will remain binding law on the … Continue reading

Posted in Choice-of-Law, Federal Court, National Bank Act | Comments Off on Supreme Court Denies Madden v. Midland Funding Cert. Petition

Plaintiff Awarded Treble Damages for Usurious Interest Charges

A mother pawned some jewelry and coins in exchange for a loan which carried an interest rate of twenty percent per month. After the mother died, her son attempted to regain possession of the pawned items. The pawnbroker refused to … Continue reading

Posted in Connecticut, Federal Court, RICO | Comments Off on Plaintiff Awarded Treble Damages for Usurious Interest Charges