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

Press Release
August 24, 1970

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- c2e1a534-ba92-ee11-be37-00224827e97b

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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 December 05, 2025.

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    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

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

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