Cuomo v. Clearing House Association, L. L. C.
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Cuomo v. Clearing House Association, L. L. C., 557 U.S. ___, was a case decided by the United States Supreme Court. In a 5-4 decision the court determined that a federal banking regulation did not preempt the ability of states to enforce their own fair-lending laws. The Court determined that the Office of the Comptroller of the Currency is the sole regulator of national banks but it doesn't have the authority under the National Bank Act to pre-empt state law…mehr

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Cuomo v. Clearing House Association, L. L. C., 557 U.S. ___, was a case decided by the United States Supreme Court. In a 5-4 decision the court determined that a federal banking regulation did not preempt the ability of states to enforce their own fair-lending laws. The Court determined that the Office of the Comptroller of the Currency is the sole regulator of national banks but it doesn't have the authority under the National Bank Act to pre-empt state law enforcement against national banks. The case came out of an interpretation of the U.S. Treasury Department's Office of the Comptroller of the Currency which had blocked an investigation by New York into lending practices. The OCC claimed that the 1864 National Bank Act bars states from enforcing their own laws against national banks.