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Home » Store » News » Preemption Row Shifts to Bank Subsidiaries

Preemption Row Shifts to Bank Subsidiaries

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State regulators last week asked Congress to strike down banking rules that preempt state consumer protection laws, warning that non-bank subsidiaries could use the rules to shield their unscrupulous lending practices from state anti-predatory lending laws. State officials called on Congress to intervene as the preemption debate shifted to national banks’ operating subsidiaries, to which the Office of the Comptroller of the Currency extended full coverage of preemption and oversight under rules that became
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