Forum
U.S. District Court for the Northern District of California
Case Status
Decided
Docket Number
Case Updates
District court upholds an FDIC regulation reaffirming the “valid-when-made” doctrine, under which a loan free from usury at the time of its origination cannot become usurious through a subsequent transaction
February 08, 2022
Click here to view the order.
U.S. Chamber files coalition amicus brief urging district court to uphold Federal Deposit Insurance Corporation regulation reaffirming the “valid-when-made” doctrine
May 27, 2021
Click here to view the coalition amicus brief, which urges the U.S. District Court for the Northern District of California to uphold an FDIC regulation reaffirming the “valid-when-made” doctrine, under which a loan free from usury at the time of its origination cannot become usurious through a subsequent transaction. Matthew A. Schwartz of Sullivan & Cromwell LLP and the U.S. Chamber’s Litigation Center served as co-counsel for the U.S. Chamber.