LDF Charges Major Furniture Chain - Violates 'Truth in Lending' Law

Press Release
August 24, 1970

Cite this item

LDF Charges Major Furniture Chain - Violates 'Truth in Lending' Law preview

Document text

The following text has been generated automatically during the document scanning process. It may contain errors, omissions, or incorrect formatting. Please refer to the PDF document if this text is not usable.

Download

By downloading, publishing, or reusing the Materials outside of the Website, you hereby confirm and attest that you have read and agree to the LDF Archival Collection Terms of Use linked below. We draw your attention to the following:

For those Materials owned by LDF, your use of the Material outside the Site is solely for one or more of the following (the “Permitted Purposes”):

Non-commercial research and private study;
Teaching, scholarship and instruction (including distance learning);
Non-commercial print and non-commercial online use;
Criticism, comment or news reporting; or
For people with visual disabilities (See Section 121 of the Copyright Act).
For those Materials not owned by LDF you understand that:
- It is your responsibility to determine whether the way you plan to use the materials falls within the copyright exception of Fair Use.
- For any use outside of Fair Use, it is your responsibility to seek and obtain all required permissions from any existing rights holders.

LDF hereby grants you the right to use LDF owned Materials for the Permitted Purposes without seeking further permission from LDF.

If you publish or redistribute any Materials (including excerpts and quotes), you must include a credit line and/or proper citation to the source of the Material. However, you may not use the name of LDF in any manner which creates any false association between you and LDF or that incorrectly implies any sponsorship or endorsement of you by LDF.

NOTICE: Uses that do not comply with these Terms or that do not fall under Fair Use (or another exception) may make you liable for copyright infringement.

Read the full LDF Archival Collection Terms of Use Here.

I agree to the terms and conditions for use of this content.

If you would like to use this content in other ways, contact us at

Collection
- Press Releases
Creator
- LDF
Taxonomy
Identifier
- c2e1a534-ba92-ee11-be37-00224827e97b

Cite this item

Press Releases, Volume 6. LDF Charges Major Furniture Chain - Violates 'Truth in Lending' Law, 1970. c2e1a534-ba92-ee11-be37-00224827e97b. LDF Archives, Thurgood Marshall Institute. https://ldfrecollection.org/archives/archives-search/archives-item/54cbb565-90d9-443f-9bed-a765f9789715/ldf-charges-major-furniture-chain-violates-truth-in-lending-law. Accessed April 22, 2025.

Copied!

    4 7-% 3 
President 

Hon. Francis E. Rive: 

egal efense und Jack Greenberg 
Director, Public Relations 

NAACP LEGAL DEFENSE AND EDUCATIONAL FUND, INC. eetes ee 
10 Columbus Circle, New York, N.Y. 10019 * JUdson 6-8397 

FOR IMMEDIATE RELEASE 

August 24, 1970 

LDF CHARGES MAJOR FURNITURE CHAIN 

VIOLATES 'TRUTH IN LENDING' LAW 

Suit Seeks Damages For All Credit 

Purchasers Since Law's Enactment 

BROOKLYN, NEW YORK---The NAACP Legal Defense and Educational Fund, 

Inc. (LDF) filed a complaint in U.S. District Court in Brooklyn 

late last week against John Mullins «& Sons, Inc., a major Brooklyn 

furniture chain, charging gross violations of the federal Consumer 

Protection Act (also called “Truth-In-Lending" law) in “each and 

every consumer credit sale" since 7/1/69. 

The alleged violations are: 

1. failure to disclose annual percentage rate 

2. failure to disclose total sum of periodic payments 

3. failure to use any of the language required by the 

Act 

b failure to provide buyer with legible contract. 

Representing Mrs. Helen Kristiansen and all others who have 

entered into consumer credit sales with Mullins since 7/1/69, 

LDF seeks to test whether sanctions of the Truth-In-Lending law 

can be used effectively in a class action to enforce the law 

in ghetto stores. 

The LDF complaint seeks a judgment amounting to twice the 

finance charge in each credit transaction since July 1, 1969, 

asking a minimum of $100 and maximum of $1000 for any one transaction. 

For further information, contact LDF attorney Eric Schnapper 

at (212)586-8397. 

. ‘A 

25 

230s

Copyright notice

This collection and the tools to navigate it (the “Collection”) are available to the public for general educational and research purposes, as well as to preserve and contextualize the history of the content and materials it contains (the “Materials”). Like other archival collections, such as those found in libraries, LDF owns the physical source Materials that have been digitized for the Collection; however, LDF does not own the underlying copyright or other rights in all items and there are limits on how you can use the Materials. By accessing and using the Material, you acknowledge your agreement to the Terms. If you do not agree, please do not use the Materials.

Additional info

To the extent that LDF includes information about the Materials’ origins or ownership or provides summaries or transcripts of original source Materials, LDF does not warrant or guarantee the accuracy of such information, transcripts or summaries, and shall not be responsible for any inaccuracies.

LDF Charges Major Furniture Chain - Violates 'Truth in Lending' Law

Collection

Creator

Taxonomy

Identifier

Cite this item

Copyright notice

Additional info

You may also be interested in