Legal Opinion
Moss v. BMO Harris Bank, N.A.
District Court, E.D. New York
Decided September 2, 2020No. 2:13-cv-05438Unknown
1Opinion
UNITED STATES DISTRICT COURT NOT FOR PUBLICATION EASTERN DISTRICT OF NEW YORK DEBORAH MOSS, individually and on behalf MEMORANDUM AND ORDER of all others similarly situated, Plaintiff, – against – 2:13-cv-05438 (ERK) (AYS) FIRST PREMIER BANK, Defendant. KORMAN, J.: Plaintiff Deborah Moss obtained a $350 payday loan from SFS, Inc., an online payday lender, in June 2010. The loan agreement disclosed an annual interest rate of 995.45% and a finance charge of $105. “When a payday lender such as SFS agrees to loan a customer money, it relies on banks to serve as middlemen to debit the customer’s…
2Cases cited17 opinions
- Buckeye Check Cashing, Inc. v. CardegnaSupreme Court of the United States · 2006
- Krumme v. WestPoint Stevens Inc.Court of Appeals for the Second Circuit · 2000
- Vincent v. The Money StoreCourt of Appeals for the Second Circuit · 2013
- V.S. Ex Rel. T.S. v. MuhammadCourt of Appeals for the Second Circuit · 2010
- Seidel v. 18 East 17th Street Owners, Inc.New York Court of Appeals · 1992
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