Study Aids
Case Briefs Overview
Casebooks
Case Briefs
F

First National Bank of Eastern Arkansas v. Taylor

907 F.2d 775 (1990)

From our private database of 46,400+ case briefs, written and edited by humans—never with AI.

First National Bank of Eastern Arkansas v. Taylor

United States Court of Appeals for the Eighth Circuit
907 F.2d 775 (1990)

Facts

First National Bank of Eastern Arkansas (First National) (plaintiff) offered its customers debt-cancellation loans, which would be cancelled at the time of the borrower’s death. A federal regulation authorized national banks’ use of debt-cancellation loans. The Arkansas Insurance Department (the department) determined that the debt-cancellation loans were the same as credit-life-insurance policies and therefore were subject to state insurance laws. The department asked First National to stop offering the loans because it was not an insurance company. First National sought a declaration from a federal district court that the department’s authority was preempted by the National Banking Act. However, the department argued that because the debt-cancellation loans were effectively credit-life-insurance contracts, they were under the exclusive authority of the state pursuant to the McCarran-Ferguson Act, which exempts companies in the business of insurance from certain federal regulations. The district court held in First National’s favor, and the department appealed.

Rule of Law

Issue

Holding and Reasoning (Lay, C.J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 830,000 law students since 2011. Some law schools even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 830,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,400 briefs, keyed to 994 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 830,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,400 briefs - keyed to 994 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership

Casebooks

Banking Law

Key Terms