Barbara Smiley was a California woman who had filed a class action against Citibank 's South Dakota subsidiary in her state's courts in 1992 alleging that the $15 late fee she was charged for her Citibank Classic card violated California law. After reading about the Pennsylvania lawyers in Business Week, she had … See more Smiley v. Citibank, 517 U.S. 735 (1996), is a U.S. Supreme Court decision upholding a regulation of the Comptroller of Currency which included credit card late fees and other penalties within the definition of interest and … See more Donovan argued Smiley's case before the justices. Late fees, he said, were not interest whatever the Comptroller's regulation said since … See more Lawyers and lobbyists for the credit-card industry, who had feared costly litigation and a myriad of state laws if the Court ruled against OCC, … See more • List of class action lawsuits • List of United States Supreme Court cases, volume 517 • List of United States Supreme Court cases See more Background In its 1978 Marquette Bank decision, the court had unanimously held that the National Banking Act of 1863, which created nationally-chartered banks in addition to the state ones that had previously existed, … See more Two months after oral argument, the Court ruled unanimously in Citibank's favor. Antonin Scalia wrote for the Court. The cases from New Jersey and California, he uncharacteristically agreed, made it "difficult indeed to contend that the word 'interest' in the … See more Duncan McDonald, formerly general counsel for Citibank's credit-card division, said he and others had merely hoped to have the freedom to … See more WebSmiley v. Citibank, 517 U.S. 735 (1996), is a U.S. Supreme Court decision upholding a regulation of the Comptroller of Currency which included credit card late fees and other penalties within the definition of interest and thus prevented individual states from limiting them when charged by nationally-chartered banks. Justice Antonin Scalia wrote for a …
The Cost of Being Late: The Case of Credit Card Penalty Fees
WebCitibank charged Smiley late fees that were legal in South Dakota, but that would not have been legal in California. Smiley sued Citibank, arguing that the Act’s rule regarding interest … Webdecades,1 Smiley v. Citibank (South Dakota), N.A.,2 the U.S. Supreme Court upheld the authority of national banks to "export" loan fees deemed by an Interpretive Ruling of the … screen will not scroll in excel
A Split in the Circuits: Will Supreme Court Take Up Easement …
WebSmiley v. Citibank, 517 U.S. 735 (1996), is a U.S. Supreme Court decision upholding a regulation of the Comptroller of Currency which included credit card late fees and other … Web5 Apr 2024 · Oakbrook Land Holdings LLC is a charitable conservation easement case in which the U.S. Court of Appeals for the Sixth Circuit affirmed the U.S. Tax Court’s decision in favor of the IRS. The validity of a Treasury Regulation was at issue, and the Sixth Circuit found the regulation to be valid. Finding a Treasury Regulation to be valid is not ... Web12 Nov 2007 · But this trend stalled due to the Supreme Court's decision in Smiley v. Citibank (1996); the assertion by the Office of the Comptroller of the Currency (OCC) of federal preemption of... pay after taxes adp