CONSUMERS UNION v. FEDERAL RESERVE BD.

No. 90-5186.

938 F.2d 266 (1991)

CONSUMERS UNION OF THE U.S., INC., Appellant, v. FEDERAL RESERVE BOARD.

United States Court of Appeals, District of Columbia Circuit.

Decided July 12, 1991.


Attorney(s) appearing for the Case

Michelle Meier, of the Bar of the U.S. Dist. Court, Covington, Ky., for D. of Columbia, pro hac vice, by special leave of the court, with whom Barry J. Reingold, Karl L. Kellar, and Michael L. Goo were on the brief, Washington, D.C., for appellant.

Steve Frank, Atty., Dept. of Justice, with whom Stuart M. Gerson, Asst. Atty. Gen., Jay B. Stephens, U.S. Atty., and Anthony J. Steinmeyer, Atty., Dept. of Justice, Richard Ashton and Katherine Wheatley, Attys., Bd. of Governors of the Federal Reserve System, were on the brief, Washington, D.C., for appellee.

Before SILBERMAN, WILLIAMS and RANDOLPH, Circuit Judges.


Opinion for the Court filed by Circuit Judge SILBERMAN.

SILBERMAN, Circuit Judge:

This appeal from the district court challenges regulations issued by the Board of Governors of the Federal Reserve System implementing the amendments to the Truth in Lending Act ("TILA") concerning open-end home equity loans. Appellant asserts that the regulations are inconsistent with the statute. We reject the majority of appellant's contentions but remand to the Board on two...

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