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FRANKLIN v. FIRST MONEY, INC.

Civ. A. No. 75-2003.

414 F.Supp. 21 (1976)

Eugene FRANKLIN v. FIRST MONEY, INC. d/b/a E-Z Finance Plan.

United States District Court, E. D. Louisiana.

March 24, 1976.

Attorney(s) appearing for the Case

Mark G. Murov, Lawrence B. Fabacher, II, New Orleans, La., for plaintiff.

David S. Willenzik, New Orleans, La., for defendant.

Ford Dieth, Asst. U. S. Atty., New Orleans, La., for Intervenor, U.S.A.

ALVIN B. RUBIN, District Judge:

The sole issue in this case is whether the defendant violated the Federal Truth-in-Lending Act (15 U.S.C. § 1601 et seq.) and Regulation Z of the Board of Governors of the Federal Reserve System (12 CFR § 226.1 et seq.) by failing to disclose the amount, or method of computing the amount, of a default charge payable in the event of late payment, pursuant to the rules set forth in...

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