NATIONAL BANK ACT.
Cantero v. Bank of America
Date: Jan. 25, 2023
Issue: Whether the National Bank Act preempts the application of state escrow-interest laws to national banks.
?Case Summary: ABA.
The scope of national bank preemption is currently before the U.S. Supreme Court in Cantero v. Bank of America, N.A. A New York statute requires the payment of interest on mortgage.
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On February 27, 2024, the U.S. Supreme Court will hear oral argument in Cantero v. Bank of America, N.A., a case involving the scope of preemption under the National Bank Act (NBA)..
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