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N. C. FREED CO., INC. v. BOARD OF GOVERNORS OF FED. RES. SYS.

No. 49, Docket 72-1381.

473 F.2d 1210 (1973)

N. C. FREED COMPANY, INC., and International Roofing Corp., Plaintiffs-Appellees, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM and Federal Trade Commission, Defendants-Appellants.

United States Court of Appeals, Second Circuit.

Decided February 1, 1973.

Attorney(s) appearing for the Case

Thomas J. Press, Atty., Dept. of Justice, Washington, D. C. (L. Patrick Gray, III, Asst. Atty. Gen., H. Kenneth Schroeder, Jr., U. S. Atty., Alan S. Rosenthal, Atty., Dept. of Justice, Washington, D. C., of counsel), for defendants-appellants.

Joseph J. Lyman, Washington, D. C., for plaintiffs-appellees.

Brief of amicus curiae in support of defendants-appellants filed by Mark E. Budnitz, Atty., the National Consumer Law Center, Inc., Chestnut Hill, Mass.

Before MOORE, HAYS and MULLIGAN, Circuit Judges.

MOORE, Circuit Judge:

The Board of Governors of the Federal Reserve System (the Board) and the Federal Trade Commission (FTC) appeal from a judgment and order of the United States District Court for the Western District of New York declaring invalid a regulation promulgated by the Board pursuant to the Truth-in-Lending Act, which comprises Title I of the Consumer Credit Protection Act1 (the Act). The action for declaratory judgment and...

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