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GENERAL FINANCE CORP. v. F.T.C.

No. 82-2510.

700 F.2d 366 (1983)

GENERAL FINANCE CORPORATION, Postal Finance Company, and Barclays-American Corporation, Plaintiffs-Appellants, v. FEDERAL TRADE COMMISSION, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided February 10, 1983.

Attorney(s) appearing for the Case

Robert J. Lepri, McDermott, Will & Emery, Chicago, Ill., for plaintiffs-appellants.

Leslie Rice Melman, F.T.C., Washington, D.C., for defendants-appellees.

Before BAUER, WOOD and POSNER, Circuit Judges.

POSNER, Circuit Judge.

The plaintiffs-appellants are three companies engaged in the consumer-loan business. Although they are not insurance companies, they sell credit life insurance, as agents of such companies, in conjunction with loans they make; and they brought this suit in the federal district court in Chicago for a declaratory judgment and injunction to prevent the Federal Trade Commission from investigating their insurance activities. They say that the investigation...

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