Heaton v. Monogram Credit Card Bank

ORDER AND REASONS

BARBIER, District Judge.

In this long-running saga, Patricia Heaton, on behalf of herself and a putative class, alleges Monogram Credit Card Bank illegally charged interest rates and late fees exceeding those allowed by Louisiana’s usury laws. Monogram and the Federal Deposit Insurance Corporation, as intervenor, argue Plaintiffs claims are preempted by federal law allowing a federally insured State-chartered bank to export its home state interest rates and late-fee charges when doing business in another state. More than six years after this litigation began, Monogram and the…