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JOHNSON v. BANK OF BENTONVILLE

No. 01-1128.

269 F.3d 894 (2001)

Steve JOHNSON, Ph.D, Appellant, v. BANK OF BENTONVILLE, Appellee.

United States Court of Appeals, Eighth Circuit.

Filed: October 4, 2001.

Attorney(s) appearing for the Case

Steven B. Davis, Harrison, AR, for appellant.

Allen W. Bird, II, Little Rock, AR, for appellee.

Before BOWMAN, HEANEY and BYE, Circuit Judges.

HEANEY, Circuit Judge.

Appellant Steve Johnson brings this suit to challenge the constitutionality of section 731 of the Gramm-Leach-Bliley Financial Modernization Act of 1999 ("section 731"), codified at 12 U.S.C. § 1831u(f). Section 731 overrides the interest rate limitations mandated by Article 19, Section 13 of the Arkansas State Constitution by allowing banks chartered in Arkansas to charge the same rate of interest as national banks operating branches within...

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