Legal Opinion
Beeman v. MBank Houston, N.A.
District Court, S.D. Texas
Decided July 7, 1988No. Civ. A. H-88-1073PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM ON REMAND
HUGHES, District Judge.
Keith Beeman’s claim for usury is governed by the usury provisions of the National Bank Act, 12 U.S.C. §§ 85, 86, entitling MBank to remove this suit to federal court. C. Wright, A. Miller & E. Cooper, Federal Practice and Procedure, § 3571 at 180 (1985). The sections of the National Bank Act that specify the usury limitations applicable to nationally chartered banks are congressional regulatory provisions and are cognizable in federal courts under 28 U.S.C. § 1337. Cosgrove v. First & Merchants National Bank, 68 F.R.D. 555 (E.D.Va.1975). Section 86…
2Cases cited2 opinions
- Thos. F. Burns, on Behalf of Himself and on Behalf of All Other Persons Similarly Situated v. American National Bank and Trust Company, a National Banking Association, Fred Fisher, on Behalf of Himself and on Behalf of All Other Persons Similarly Situated v. The First National Bank of Chicago, Chicago, IllinoisCourt of Appeals for the First Circuit · 1973
- Cosgrove v. First & Merchants National BankDistrict Court, E.D. Virginia · 1975
3Cited by4 opinions
- M. Nahas & Co., Inc. v. First National Bank of Hot SpringsCourt of Appeals for the First Circuit · 1991
- Watson v. First Union National Bank of South CarolinaDistrict Court, D. South Carolina · 1993
- Hunter v. Rich's Department StoresDistrict Court, N.D. Alabama · 1995
- Jones v. Bankboston, N.A.District Court, S.D. Alabama · 2000