Smith v. Cash Store Management, Inc.
United States Court of Appeals for the Seventh Circuit
195 F.3d 325 (1999)
Relevant factsFree
Cash Store (defendant) made short-term loans at over 500% annual interest to Valerie Smith (plaintiff), requiring a postdated check as security and stapling a receipt labeling the finance charge a "deferred deposit extension fee" or similar term atop each signed loan agreement; the district court dismissed Smith's Truth in Lending Act (TILA) claims for failure to state a claim.
IssueFree
Whether, under the Truth in Lending Act, a creditor must make disclosures in a loan agreement clearly and conspicuously.