Legal Opinion
Cowen v. Bank United of Texas, FSB
Court of Appeals for the Seventh Circuit
Decided November 22, 1995No. 95-1334PublishedCited by 58 opinions
1Opinion of the Court
POSNER, Chief Judge.
The Truth in Lending Act requires lenders covered by the Act to disclose to the borrower at the time of making the loan not only the interest rate but also any “finance charge,” defined as a charge that is payable directly or indirectly by the borrower and imposed directly or indirectly by the lender as an incident to or condition of the loan. 15 U.S.C. § 1605(a); 12 C.F.R. § 226.4(a). The concern behind this specific requirement is that a lender might try to make the interest rate look lower than it really is by charging part of the interest in the form of fees for…
2Cases cited22 opinions
- Mourning v. Family Publications Service, Inc.Supreme Court of the United States · 1973
- Ford Motor Credit Co. v. MilhollinSupreme Court of the United States · 1980
- Resolution Trust Corp. v. GoldCourt of Appeals for the First Circuit · 1994
- Herman Perrian v. James E. O'grady, Sheriff of Cook CountyCourt of Appeals for the Seventh Circuit · 1992
- Baltimore Orioles, Inc. v. Major League Baseball Players Ass'nCourt of Appeals for the Seventh Circuit · 1986
17 more not listed; retrieve them via the Exa API.
3Cited by58 opinions
- Oliveira v. Amoco Oil Co.Illinois Supreme Court · 2002
- Elizabeth Greisz v. Household Bank (Illinois), N.A., and Golden Seal Heating & Air Conditioning, Inc.Court of Appeals for the Seventh Circuit · 1999
- Gibson v. Bob Watson Chevrolet-Geo, Inc.Court of Appeals for the Seventh Circuit · 1997
- In Re: Mary L. Polis, Debtor-Appellant Mary L. Polis, Plaintiff-Appellant,. v. Getaways, Inc.Court of Appeals for the Seventh Circuit · 2000
- Wiesmueller v. KosobuckiCourt of Appeals for the Seventh Circuit · 2008
53 more not listed; retrieve them via the Exa API.