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Home » Store » Taxable » A Preemption Battle Heats Up in The Golden State

A Preemption Battle Heats Up in The Golden State

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Lenders in California have gone to court over attempts by the state’s corporation regulator to crack down on overcharges. In separate lawsuits filed last week, Wells Fargo Home Mortgage, an operating subsidiary of Wells Fargo National Bank, and Quicken Loans argued that federal bank and thrift regulations on per diem interest trump a state law that prevents lenders from charging interest for a period of longer
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