Rapaport v. United States Department of the Treasury, Office of Thrift Supervision
United States Court of Appeals for the District of Columbia Circuit
59 F.3d 212 (1995)
Relevant factsFree
Robert Rapaport (plaintiff), majority shareholder of a federally insured bank, had promised the government the bank would maintain required minimum capital, but the bank's capital fell $1.5 million short and it failed; the Office of Thrift Supervision (OTS) (defendant) ordered Rapaport to reimburse the government $1.5 million, characterizing the shortfall as unjust enrichment under the governing banking statute. Rapaport petitioned the D.C. Circuit for review.
IssueFree
Whether a single federal agency's statutory interpretation is entitled to judicial deference if the statute is jointly administered by multiple agencies.