Brown v. First National City Bank
This case involves a customer challenging First National City Bank's method of calculating interest on Checking Plus accounts, alleging violations of the National Bank Act and New York Banking Law. The plaintiff brought claims regarding the bank's practice of using multiples of one hundred for advances, charging interest on interest, and charging interest on service charges. The court granted the plaintiff's cross-motion for summary judgment on the issue of advancing funds in multiples of one hundred, finding it violated statutory requirements. However, summary judgment was denied concerning interest on service charges, and the defendant was granted judgment on the repayment method, as it did not contravene the New York Banking Law.