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Category: Federal District Court

Jose Lopez v. Bank of Orrick, et al.

At the invitation of the United States District Court for the Northern District of Illinois, the Bureau submitted an amicus brief explaining that certain repayment disclosure requirements imposed by the Truth In Lending Act (TILA) apply only to credit card accounts under an open-end (not home-secured) consumer credit plan. This is because in 2010, the Federal Reserve Board (which was then responsible for implementing TILA) issued a rule exempting open-end credit plans that are not credit card accounts from those statutory repayment disclosure obligations.

Full brief

Jose Lopez v. Bank of Orrick, et al.

This version has been modified from the version that was submitted to the court in order to optimize the reading experience for individuals with disabilities. No text has been changed.