Independent Bankers Association of America v. John G. Heimann, Comptroller of the Currency of the United States Department of Treasury

GESELL, District Judge.

This is an appeal from an Order of the District Court dismissing a complaint filed by Independent Bankers Association of America (“IB A A”). IBA A seeks to enjoin the Comptroller of the Currency of the United States from continuing to enforce a regulation entitled “Disposition of Credit Life Insurance Income,” 42 Fed.Reg. 48518-26 (1977). 1 The challenged regulation prevents insiders of national banks from benefitting personally by the regular receipt of credit life insurance income sold to borrowers of such banks. Appellant contends that the Comptroller exceeded his…