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Public Justice Blanco Key Bank 041006

Public Justice Blanco Key Bank 041006

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Published by Carrieonic

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Published by: Carrieonic on May 17, 2009
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08/29/2011

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UNITED STATES DISTRICT COURTFOR THE NORTHERN DISTRICT OF OHIOEASTERN DIVISION
RAMON BLANCO, individually, and onbehalf of all those similarly situated,Plaintiff,vs.KEYBANK USA, N.A., JP MORGANCHASE BANK, and BANK ONENATIONAL BANKING ASSOCIATION,Defendants. / Case No.: 1:04CV0230
PLAINTIFF’S MEMORANDUM OF LAW IN OPPOSITION TODEFENDANTS’ MOTION TO DISMISS PLAINTIFF’STHIRD AMENDED AND SUPPLEMENTAL COMPLAINT
JAMES, HOYER, NEWCOMER& SMILJANICH, P.A. (
Pro hac vice
)Christopher C. CasperOne Urban Centre, Suite 5504830 West Kennedy BoulevardTampa, Florida 33609-2517(813) 286-4100(813) 286-4174 (Facsimile)CLARK & MARTINO, P.A.J. Daniel Clark, Esq. (
Pro hac vice
)3407 W. Kennedy BoulevardTampa, FL 33609(813)879-0700(813) 879-5498 (Facsimile)TRIAL LAWYERS FOR PUBLIC JUSTICELeslie Brueckner, Esq. (
Pro hac vice
)Richard Frankel, Esq. (
Pro hac vice
)1717 Massachusetts Avenue, Suite 800,Washington, DC 20036(202) 797-8600 (telephone)(202) 232-7203 (facsimile)BURDGE LAW OFFICE CO., LPARonald L. Burdge, Esq. OBN 00156092299 Miamisburg-Centerville RoadDayton, Ohio 45459-3817(937) 432-9500(937) 432-9503 (Facsimile)
Attorneys For Plaintiff 
Case 1:04-cv-00230-KMO Document 110-1 Filed 04/10/2006 Page 1 of 41
 
TABLE OF CONTENTS
Table of Contents…………………………………………………………………………… iTable of Authorities………………………………………………………………………… iiiBrief Statement of the Issues……………………………………………………………… viiSummary of the Arguments………………………………………………………………viiiArgument…………………………………………………………………………………... 1I.
 
Legal Standard For A Motion To Dismiss………………………………… 1II.
 
Factual Allegations Taken As True For Purposesof Defendants’ Motion…………………………………………………….. 1III.
 
The Complaint States A Claim For TILA Violations………………………. 3A.
 
KeyBank Failed To Clearly and Accurately DiscloseIts Variable Interest Rate In the Federal Box………………………….. 5IV.
 
Plaintiff’s RISA Claim Is Not Preempted Because ItDoes Not Conflict With Federal Purposes………………………………… 8A.
 
Plaintiff’s Claim Against JP Morgan Is Not Preempted………………. 9B.
 
Plaintiff’s RISA Cause of Action Does Not Conflict WithOr Otherwise Undermine National Banks’ FederallyAuthorized Powers……………………………………………………. 101.
 
Plaintiff’s RISA Claim Is Entirely Consistent Withthe Goals Underlying the FTC Holder Rule……………………. 122.
 
Plaintiff’s RISA Claim Is Entirely Consistent WithThe Agency’s Decision Not To Make The FTC HolderRule Enforceable Against Banks………………………………… 163.
 
Plaintiff’s Claims Will Not Unduly Burden Banks’Ability To Conduct Federally Authorized Business……………20a.
 
Plaintiff’s Claim Places No New Burdens OnDefendants…………………………………………………. 20b.
 
Any New Obligations On Defendants AreMinimal and Do Not Impair Their BusinessOperations…………………………………………………. 22
Case 1:04-cv-00230-KMO Document 110-1 Filed 04/10/2006 Page 2 of 41
 
ii4.
 
Plaintiff’s RISA Claim Is Also Not Preempted BecauseKeyBank’s Activities Were Not “Authorized” ByFederal Law……………………………………………………… 25C.
 
The OCC’s Regulations Are Invalid To the Extent They Seek To Preempt the Entire Field of State Law…………………………….. 26Conclusion …………………………………………………………………………………. 28Certification of Tracking and Page Limitation ……………………………………………... 30Certificate of Service ……………………………………………………………………….. 31
Case 1:04-cv-00230-KMO Document 110-1 Filed 04/10/2006 Page 3 of 41

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