Preface p. v
Acknowledgments p. vii
Table of Cases p. xix
Table of Statutes p. xxvii
Table of Federal Rules and Regulations p. xxxix
Introduction p. 1
Freedom of Contract and Government Intervention p. 1
Types of Consumer Credit Transactions p. 3
Problems in Formation
Deception--The Response of the Common Law p. 6
Jones v. West Side Buick Auto Co. p. 7
Vokes v. Arthur Murray, Inc. p. 16
Halpert v. Rosenthal p. 24
Ollerman v. O'Rourke Co., Inc. p. 32
Davey v. Brownson p. 47
Deception--Legislative Solutions at the Federal Level: The Federal Trade Commission Act p. 51
Introduction p. 51
The Meaning of "Deceptive Acts or Practices" p. 52
Charles of the Ritz Distributors Corp. v. FTC p. 52
In re International Harvester Co. p. 60
In re Leon A. Tashof p. 73
Remedies Under the FTC Act p. 85
Warner-Lambert Co. v. FTC p. 86
Topical Statutes p. 103
Odometer Fraud p. 103
Tusa v. Omaha Auto Auction, Inc. p. 106
Levine v. Parks Chevrolet, Inc. p. 109
Telemarketing p. 111
New York v. Financial Services Network, USA p. 113
Deception--Legislative Solutions At The State Level p. 120
Comprehensive Statutes p. 120
Searle v. Exley Express, Inc. p. 120
Weitzel v. Barnes p. 129
Weigel v. Ron Tonkin Chevrolet Co. p. 134
Golt v. Phillips p. 141
Fenwick v. Kay American Jeep, Inc. p. 145
Topical Statutes p. 155
Referral Sales p. 156
Regulation of a Trade or Industry p. 157
Preemption p. 164
Jones v. Rath Packing Co. p. 164
Kellerman v. MCI Telecommunications Corporation p. 173
Criminal Sanctions p. 180
The Need for Information p. 183
Introduction to the Truth-in-Lending Act p. 183
Scope of the Truth-in-Lending Act p. 188
Timing of the Disclosure p. 190
Content of the Disclosure p. 190
Closed-end Credit p. 191
Open-end Credit p. 195
Benion v. Bank One p. 196
Leases p. 203
Rent-to-Own p. 208
Clarity p. 210
Advertising Credit Terms p. 213
Enforcement of the Truth-in-Lending Act p. 216
Magnuson-Moss Warranty Act p. 218
Plain Language Laws p. 219
Perspectives p. 220
Qualifying For Credit p. 223
Introduction to the Fair Credit Reporting Act p. 223
Privacy Protection Study Commission, Personal Privacy in an Information Society (1977) p. 224
Scope of the Act p. 228
Greenway v. Information Dynamics, Ltd. p. 228
Obligations of Users of Consumer Reports p. 236
Obligations of Creditors p. 238
Obligations of Consumer Reporting Agencies p. 238
Austin v. Bankamerica Service Corp. p. 239
Koropoulos v. Credit Bureau, Inc. p. 242
Credit Repair Organizations p. 258
Preemption p. 259
Discrimination in Granting Credit p. 260
Introduction to the Equal Credit Opportunity Act p. 260
Prohibited Bases p. 264
Markham v. Colonial Mortgage Service Co., Associates, Inc. p. 264
Reasons for Adverse Action p. 272
Enforcement p. 279
Cherry v. Amoco Oil Co. p. 282
Preemption p. 289
Is It Working? p. 290
Regulation of the Bargain
Quality Standards p. 294
Introduction p. 294
Strict Liability in Tort p. 295
Greenman v. Yuba Power Products, Inc. p. 295
The Uniform Commercial Code and Contractual Modification of Quality Standards p. 308
Berg v. Stromme p. 311
Knipp v. Weinbaum p. 318
Murray v. Holiday Rambler, Inc. p. 322
Beyond the UCC p. 335
Lemon Laws p. 335
Magnuson-Moss Warranty Act p. 339
Used Cars p. 346
The Next Step p. 347
The Standard of Quality: How High and How Precise? p. 362
Services p. 363
Newmark v. Gimbel's, Inc. p. 363
Hoven v. Kelble p. 367
Limits on the Price of Credit p. 378
Sale Credit and Loan Credit p. 378
Ways of Presenting the Cost of Credit p. 380
Judicial Interpretation of Rate Regulation Statutes p. 380
Loan or Forbearance p. 380
Carper v. Kanawha Banking and Trust Co. p. 380
Principal Amount and Duration of the Loan p. 393
Tri-County Federal Savings and Loan Association v. Lyle p. 393
Cost of the Loan p. 398
Equitable Life Assurance Society v. Scali p. 399
Martorano v. Capital Finance Corp. p. 405
Culpepper v. Inland Mortgage Corporation p. 413
Prepayment and Refinancing p. 420
Davis v. Hinton p. 420
In re Branch p. 424
Remedies p. 430
Open-end Credit p. 431
The Broader Question p. 434
Wallace, The Uses of Usury: Low Rate Ceilings Reexamined p. 437
Other Limits on the Terms of the Deal p. 452
Broadly Phrased Standards p. 452
Williams v. Walker-Thomas Furniture Co. p. 452
Cheshire Mortgage Service, Inc. v. Montes p. 456
Perdue v. Crocker National Bank p. 471
Commonwealth v. DeCotis p. 479
Letter From FTC to Consumer Subcommittee of Senate Committee on Commerce, Science, and Transportation p. 484
In re International Harvester Co. p. 490
Best v. United States National Bank p. 504
Topical Statutes p. 511
Prohibition of Objectionable Terms p. 511
Regulation of Troublesome Transactions p. 513
Credit Insurance p. 517
Introduction p. 517
Excessive Coverage p. 518
Coercion p. 521
In re Uslife Credit Corp. p. 526
Uslife Credit Corp. v. Federal Trade Commission p. 535
Excessive Price p. 538
Robinson v. Rebsamen Ford, Inc. p. 541
Browder v. Hanley Dawson Cadillac Co. p. 543
Statutory and Administrative Price Controls p. 551
Claims Abuse p. 557
Refinancing p. 558
Property Insurance p. 559
Enforcement by the Creditor
Coercive Collection Tactics p. 564
Common Law Limits p. 565
Public Finance Corp. v. Davis p. 565
Voneye v. Turner p. 575
Statutory Intervention p. 582
Collection Practices p. 582
Jeter v. Credit Bureau, Inc. p. 589
Fair Credit Billing Act p. 601
Enforcement of the Security Interest p. 603
Acceleration and the Definition of Default p. 606
Fontaine v. Industrial National Bank p. 606
Repossession p. 615
Deavers v. Standridge p. 615
Right to a Deficiency Judgment p. 622
Imperial Discount Corp. v. Aiken p. 623
Wilmington Trust Co. v. Conner p. 624
In re Ford Motor Co. p. 641
Restrictions on the Use of Security Interests p. 644
Leases p. 645
Other Contractual and Procedural Devices to Facilitate Collection p. 648
Wage Assignments p. 648
Agreements and Statutes Concerning Procedure p. 649
Confession of Judgment p. 649
Default Judgments p. 651
Vargas v. Allied Finance Co. p. 656
Schubach v. Household Finance Corp. p. 658
Attorney's Fees p. 665
Peoples Finance and Thrift Co. v. Blomquist p. 665
New Finance, Ltd. v. Ellis p. 666
Waiver of Exemptions p. 671
Cosigners p. 672
Enforcement by the Consumer
Against Whom? p. 677
Liability of the Franchisor for the Misconduct of the Franchisee p. 678
Drexel v. Union Prescription Centers, Inc. p. 679
Liability of the Financer for the Misconduct of the Seller p. 695
Background p. 695
The FTC Rule p. 700
Transactions Covered p. 700
Consequences of Noncompliance p. 702
Iron and Glass Bank v. Franz p. 702
Effectiveness of the Rule p. 706
Ford Motor Credit Company v. Morgan p. 708
Credit Cards p. 715
Nature of the Claim or Defense p. 717
Misconduct of the Financer or Other Third Parties p. 718
Financers p. 719
Real Estate Brokers p. 720
Endorsers p. 721
Corporate Officers and Directors p. 721
Others p. 722
Federal Trade Commission Act p. 722
Remedies p. 724
Escape From the Deal p. 724
Transactions in Goods p. 724
Jones v. Abriani p. 724
Other Transactions p. 730
Mayfield v. Vanguard Savings and Loan Association p. 733
Obtaining the Benefit of the Deal p. 738
Increasing the Recovery p. 739
Attorney's Fees p. 739
Postow v. Oriental Building Association p. 743
Freeman v. B and B Associates p. 759
Minimum Damages p. 767
Scott v. Western International Surplus Sales, Inc. p. 767
Harris v. Beneficial Finance Co. p. 772
Punitive Damages p. 774
Hibschman Pontiac, Inc. v. Batchelor p. 775
Jones v. Abriani p. 778
Reducing the Costs p. 786
Nonjudicial Mechanisms p. 786
Rollins, Inc. v. Foster p. 790
Enforcement by a Public Agency p. 796
Kugler v. Romain p. 798
Small Claims Courts p. 804
Class Actions p. 806
Edelman v. Lee Optical Co. p. 807
Brooks v. Midas-International Corp. p. 810
Parker v. George Thompson Ford, Inc. p. 815
Index p. 825