Volume 26 - Number 26
July 1, 2009
SCOTUS Upholds State Authority to Enforce Anti-Discrimination Laws Against U.S. Banks
The U.S. Supreme Court this week surprised the mortgage lending industry by ruling that a state attorney general can enforce certain anti-discrimination laws against national banks and their operating subsidiaries, even though the state may not have supervisory powers over these entities. Under the SCOTUS’ opinion, a state AG could not send a letter threatening action for noncompliance...
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