Thursday, May 09, 2019

Federal Preemption of State Banking Laws — Are Mortgages and Foreclosures Ripe for Federal Regulation?

Foreclosure laws vary drastically between the states. A recent decision from the Ninth Circuit Court of Appeals questions whether national banks can rely upon regulations and guidance from the Office of the Comptroller of the Currency when deciding whether local state law governs. Dennis Valet, Esq., examines whether Congress will step in to regulate a fractured banking system filled with contradicting state laws in order to give national banks the certainty they need to operate in multiple jurisdictions.

Read the full article by Mr. Valet published in The Suffolk Lawyer here