Bank One Chicago, N.A. v. Midwest Bank & Trust Company (1995)
- Docket
- 94-1175
- Decided
- 1995-01-01
Summary
Question: Does the Expedited Funds Availability Act provide for federal-court jurisdiction only in suits between customers and banks? Conclusion: No. In an opinion delivered by Justice Ruth Bader Ginsburg, the Court held that the act provides for federal-court jurisdiction not only in suits between customers and banks, but also in cases initiated by one bank against another bank. Justice Ginsburg wrote for the Court that section 4010 of the act authorizes claims for relief that are enforceable in federal court. Moreover, Justice Ginsburg continued, "it is implausible that Congress directed the Board to handle such disputes administratively, for [section 4010] does not explicitly confer adjudicatory authority on the Board, nor set forth the relevant procedures for resolution of private disputes." Justices John Paul Stevens and Antonin Scalia wrote concurring opinions.