Thompson v. Irwin Home Equity Corp.
Court of Appeals for the First Circuit
1Opinion of the Court
LIPEZ, Circuit Judge.
Elmore Thompson and Paula M. Thompson appeal from the judgment of the district court requiring them to arbitrate their Truth in Lending Act claims against defendants Irwin Union Bank & Trust Company and Irwin Home Equity Corporation. Seeing no reason why the claims should not be arbitrated, we affirm.
I
On August 29, 2000, the Thompsons obtained a mortgage loan of $11,000 from Irwin Union Bank & Trust Company at a disclosed annual percentage rate of 15.9%. The loan, which was assigned to Irwin Home Equity Corp. for servicing, 1 was secured by the Thompsons’ home, and was…
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