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Thygesen v. Callahan

385 N.E.2d 699 (1979)

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Thygesen v. Callahan

Illinois Supreme Court
385 N.E.2d 699 (1979)

DD

Facts

The Illinois legislature passed the Currency Exchange Act (CEA). Under § 19.3 of the CEA, the director of the Division of Financial Institutions (the director) (defendant) was authorized to set the maximum rates that currency exchanges could charge for cashing checks and issuing money orders. The director was required to set reasonable rates. Thomas Thygesen (plaintiff), an owner of a currency exchange, brought suit. Thygesen contended that § 19.3 was an unlawful delegation of legislative power. The circuit court found that § 19.3 was valid, and Thygesen appealed.

Rule of Law

Issue

Holding and Reasoning (Moran, J.)

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