On November 7, BPI, in conjunction with the Consumer Bankers Association and the Chamber of Commerce, submitted an amicus brief to the Eastern District of New York urging the court to certify an order for appeal in Hymes v. Bank of America, which involves whether a state law setting minimum interest on escrow is preempted under the National Bank Act. The brief requests appeal to the Second Circuit of the District Court’s conclusion that the Nation Bank Act Preemption does not apply in the case.
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