Smiley v. Citibank (South Dakota), N. A.

Supreme Court of the United States · Decided 1996-06-10

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*737 Justice Scalia delivered the opinion of the Court. Section 30 of the National Bank Act of 1864, Rev. Stat. § 5197, as amended, 12 U. S. C. § 85 , provides that a national bank may charge its loan customers “interest at the rate allowed by the l…

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