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COTTAGE-63RD ST. CURRENCY EXCH. v. CALLAHAN

Nos. 81-130, 81-131 cons.

104 Ill. App.3d 586 (1982)

432 N.E.2d 1258

COTTAGE-63rd STREET CURRENCY EXCHANGE, INC., et al., Plaintiffs-Appellants, v. EDGAR F. CALLAHAN, Director of the Illinois Department of Financial Institutions, et al., Defendants-Appellees.

Appellate Court of Illinois — First District (5th Division).

Opinion filed February 26, 1982.

Attorney(s) appearing for the Case

James L. Coghlan and John A. Kukanos, both of Chicago (Coghlan, Joyce & Nellis, of counsel), for appellants.

Tyrone C. Fahner, Attorney General, of Chicago (Patricia Rosen, Assistant Attorney General, of counsel), for appellee Edgar F. Callahan.

Thomas J. Duffy and John L. Roach, both of Chicago, for appellee Thillens, Inc.

Orders affirmed.

JUSTICE MEJDA delivered the opinion of the court:

In separate actions plaintiffs, two licensed community currency exchanges, and the Community Currency Exchange Association of Illinois, Inc., a not-for-profit corporation, brought complaints against defendants seeking declaratory relief that a "3% rule" allegedly used by Edgar F. Callahan, the Director of the Illinois Department of Financial...

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