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DAVIS v. FEDERAL DEPOSIT INS. CORP.

No. 79-2428 Summary Calendar.

620 F.2d 489 (1980)

Ronald C. DAVIS and Bari Davis, Plaintiffs-Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

June 30, 1980.

Attorney(s) appearing for the Case

Joseph W. Thomas, New Orleans, La., for plaintiffs-appellants.

Baham & Churchill, Charles F. Thensted, Earl S. Eichin, Jr., New Orleans, La., for defendant-appellee.

Before HILL, GARZA and THOMAS A. CLARK, Circuit Judges.

THOMAS A. CLARK, Circuit Judge:

This is an appeal from a judgment dismissing appellants' action to rescind a consumer credit transaction under 15 U.S.C. § 1635 and granting appellee's counterclaim for summary judgment on the balance of the underlying debt plus attorney's collection fees. Although we disagree with the reasoning of the court below, we agree with the result and affirm.

Contemporaneously with the extension of consumer credit by appellee's...

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