Elmo E. Koos, Sr. And Caroline M. Koos v. First National Bank of Peoria

U.S. Court of Appeals, First Circuit · Decided 1974-05-17

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CUMMINGS, Circuit Judge. The two named plaintiffs filed a class action complaining that the defendant bank was charging usurious interest. The gravamen of the complaint was that defendant was charging them in excess of the 8 per cent rate of interest permissible under the Illinois Usury Law. 111. Rev.Stats.1973, ch. 74, § 4. The N…

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