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CLAUSEN v. BENEFICIAL FINANCE CO. OF BERKELEY

No. C-74-2642 WHO.

423 F.Supp. 985 (1976)

Michael A. CLAUSEN, on behalf of himself and all other persons similarly situated, Plaintiffs, v. BENEFICIAL FINANCE COMPANY OF BERKELEY, a corporation, and Beneficial Corporation, Defendants.

United States District Court, N. D. California.

July 20, 1976.

Attorney(s) appearing for the Case

Robert A. Goldstein, Oakland, Cal., for plaintiffs.

Ron Lane, Berry & Berry, Oakland, Cal., for defendants.

OPINION AND ORDER

ORRICK, District Judge.

Plaintiffs, a class of borrowers,1 allege that the defendants, Beneficial Finance Company of Berkeley and Beneficial Corporation,2 have violated the Truth in Lending Act (the Act). 15 U.S.C. § 1601 et seq. and Reg. Z, 12 C.F.R. § 226.1 et seq. Specifically, the plaintiffs claim that the defendants have improperly failed to (1) adequately...

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