Marquette National Bank of Minneapolis v. First of Omaha Service Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that national bank may charge home State's interest rate, regardless of more restrictive usury laws in borrower's State, but declining to consider operating subsidiaries
• holding that national bank may charge home State’s interest rate, regardless of more restrictive usury laws in borrower’s State, but declining to consider operating subsidiaries
• holding that Section 85 of NBA permits national bank to charge out-of-state credit card customers an interest rate authorized by law of its home state
• recognizing that impairment of state usury laws “has always been implicit in the structure of the National Bank Act, since citizens of one state were free to visit a neighboring state to receive credit at foreign interest rates”
• holding that banks may “export” their home-state interest rates to other states
• ruling that section 85 authorizes a national bank based in one state to charge its out-of-state credit card customers an interest rate on unpaid balances allowed by its home state, when that rate is greater than that permitted by the state of the bank's nonresident customers

Source: CourtListener parenthetical corpus (CC0).