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DACO v. ORIENTAL FEDERAL SAV.

Civ. No. 85-1872 HL.

648 F.Supp. 1194 (1986)

DEPARTAMENTO de ASUNTOS del CONSUMIDOR (DACO), Plaintiff, v. ORIENTAL FEDERAL SAVINGS, Defendant.

United States District Court, D. Puerto Rico.

November 5, 1986.

Attorney(s) appearing for the Case

Isabel Muñoz Acosta, Fed. Litigation Div., Dept. of Justice, San Juan, P.R., for plaintiff.

Fautino R. Aponte, Humacao, P.R., for defendant.

OPINION AND ORDER

LAFFITTE, District Judge.

Defendant, a federally chartered savings and loan association, removed this action from plaintiff, the Departamento de Asuntos del Consumidor ("DACO"), seeking a declaration that federal law pre-empts Commonwealth administrative action in this area. Defendant also seeks an injunction prohibiting DACO from such action. DACO had sought to regulate defendant's retail installment sales and contracts. We find that the...

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