✉news WorldLaw & Courts first seen 14 h ago, last 1 h ago, peak #4
OCC Seeks Dismissal of States' Mortgage Escrow Preemption Challenge
Original: OCC Moves to Dismiss Multistate Challenge to Mortgage Escrow Preemption Actions
The Office of the Comptroller of the Currency has moved to dismiss a multistate lawsuit challenging its preemption actions on mortgage escrow rules. The motion asks a federal court to throw out the states' challenge to the regulator's determination that federal law overrides state escrow requirements for national banks. The dispute is the latest flashpoint between state regulators and federal banking agencies over consumer protection authority.
Why now: The filing marks a new escalation in the ongoing fight between states and federal regulators over mortgage oversight authority.
Office of the Comptroller of the Currencystate attorneys generalnational banks
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Evidence
- OCC Moves to Dismiss Multistate Challenge to Mortgage Escrow Preemption Actions · Consumer Finance Monitor
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