Legal Opinion
Sheila Smith v. John Steinkamp
Court of Appeals for the Seventh Circuit
Decided February 10, 2003No. 02-2649, 02-2650PublishedCited by 40 opinions
1Opinion of the Court
POSNER, Circuit Judge.
The defendants appeal from the denial of their motion to submit the claims of two of the plaintiffs to arbitration. 9 U.S.C. § 16(a)(1)(B). The defendants are Instant Cash, Inc., a small-loan company active in Indiana, and its lawyer, Steinkamp (also Steinkamp’s firm, but it can be ignored). Instant Cash made “payday” loans to the four plaintiffs. A payday loan is a loan of short duration, typically two weeks, at an astronomical annual interest rate, here more than 500 percent. As the name implies, it is a loan to poor or improvident borrowers who have no savings or…
2Cases cited5 opinions
- Doctor's Associates, Inc. v. CasarottoSupreme Court of the United States · 1996
- Weaver v. American Oil CompanyIndiana Supreme Court · 1971
- Misty Ferguson v. Countrywide Credit Industries, Inc., Countrywide Home Loans, Inc., and Leo Deleon Does 1-10, InclusiveCourt of Appeals for the Ninth Circuit · 2002
- Gloria J. McCaskill v. Sci Management Corporation, Sci Illinois Services Incorporated, Doing Business as Evergreen Cemetery, Sam SmithCourt of Appeals for the Seventh Circuit · 2002
- Livingston v. Fast Cash USA, Inc.Indiana Supreme Court · 2001
3Cited by40 opinions
- Cleveland v. MannMississippi Supreme Court · 2006
- Bosse v. New York Life Insurance Co.Court of Appeals for the First Circuit · 2021
- Pennsylvania Department of Banking v. NCAS of Delaware, LLC.Supreme Court of Pennsylvania · 2008
- In re Jiffy Lube International, Inc., Text Spam LitigationDistrict Court, S.D. California · 2012
- Davitashvili v. GrubhubCourt of Appeals for the Second Circuit · 2025
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