Government
Apr. 19, 2007
States Lose to Banks at Supreme Court
WASHINGTON - The banking industry and the federal government prevailed over all 50 states and consumer groups in a closely watched U.S. Supreme Court ruling Tuesday that barred the states from regulating the operating subsidiaries of national banks, including mortgage lenders.
Daily Journal Staff Writer
WASHINGTON - The banking industry and the federal government prevailed over all 50 states and consumer groups in a closely watched U.S. Supreme Court ruling Tuesday that barred the states from regulating the operating subsidiaries of national banks, including mortgage lenders.
National banks, seeking to be governed only by federal l...
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