Bradford v. American Federal Bank, F.S.B.

MEMORANDUM OPINION AND ORDER

BUCHMEYER, District Judge.

In this action, Plaintiffs allege that the FDIC and the Resolution Trust Corporation, both in their capacities as successor in interest to the Federal Savings and Loan Insurance Corporation as receiver for Majestic Savings Association, charged a usurious amount of interest on loans Plaintiffs received from the now-insolvent Majestic Savings Association (Majestic). Now before the Court is Defendant FDIC’s motion for summary judgment or in the alternative motion to dismiss under rule 12(b). For the reasons that follow, the Court will DENY…