✉news WorldLaw & Courts first seen 3 d ago, last 2 d ago, peak #4
State Attorneys General Fight OCC Bid to Pause Mortgage Rule Challenge
Original: State AGs Oppose OCC’s Bid to Pause Challenge to Rules Preempting State Mortgage Interest-on-Escrow Laws
A group of state attorneys general is opposing the Office of the Comptroller of the Currency's request to pause litigation over federal rules that preempt state mortgage interest-on-escrow laws. The state officials argue the OCC's move would delay resolution of a dispute over whether states can enforce their own escrow interest requirements against national banks. The case is being closely watched in consumer finance circles.
Why now: The filing marks a new stage in an ongoing federalism dispute over state consumer mortgage protections.
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Evidence
- State AGs Oppose OCC’s Bid to Pause Challenge to Rules Preempting State Mortgage Interest-on-Escrow Laws · Consumer Finance Monitor
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