The California Supreme Court cited Professor Amy J. Schmitz’s article, Embracing Unconscionability’s Safety Net Function, 58 ALA. L. REV. 73-117, in unanimously holding that interest rates may render a consumer loan unconscionable even in the absence of a statutory interest rate cap.

The court and the amicus brief filed by the consumer advocacy organizations relied on Professor Schmitz’s analysis of the contract doctrine of unconscionability as a doctrine historically rooted in courts of equity.

The ruling has been covered in the LA Times and the American Banker. See http://www.courts.ca.gov/opinions/documents/S241434.PDF to read the ruling.