✉news WorldLaw & Courts first seen 19 h ago, last 3 h ago, peak #4
OCC Seeks Dismissal of States' Mortgage Escrow Lawsuit
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 preemptive actions on mortgage escrow rules. The agency argues the states' challenge to its preemption determinations lacks merit. The dispute is being closely watched in consumer finance circles because it could shape how federal preemption limits state oversight of national bank mortgage servicing practices.
Why now: The outcome could reshape state regulators' ability to challenge federal preemption over national bank mortgage escrow practices.
Office of the Comptroller of the Currencystate attorneys general
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Evidence
- OCC Moves to Dismiss Multistate Challenge to Mortgage Escrow Preemption Actions · Consumer Finance Monitor
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