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.
You Might Also Be Interested In...
Amicus Briefs BPI Files Amicus Brief on Applicability of HOLA Preemption to Successor Banks in McShannock v. JP Morgan Chase
Amicus Briefs Joint Trades File Amici Brief In Support of Petition for U.S. Supreme Court Review of National Bank Act Preemption to a California State Law
More Posts by This Author
Bank Conditions and Credit Availability Time To Return To the Regular Rulebook – Economic Uncertainty Is Not Extraordinarily Elevated
COVID-19 Relief BPI and Coalition of Trades Advocate for Economic Impact Payment Protections in American Rescue Plan Act of 2021