Forum
U.S. Supreme Court
Case Status
Docket Number
Term
2023 Term
Oral Argument Date
February 27, 2024
Lower Court Opinion
Questions Presented
Does the National Bank Act preempt the application of state escrow-interest laws to national banks?
Case Updates
Supreme Court vacates lower-court decision and remands for new preemption analysis in light of recent decision in Cantero v. Bank of America
May 30, 2024
The U.S. Chamber filed a coalition amicus brief urging the Supreme Court to grant review and reverse because the National Bank Act preempts State laws mandating interest payments on mortgage escrow accounts. The Court’s decision in Cantero left this question open.
U.S. Chamber files amicus brief urging Supreme Court to hold that National Bank Act preempts state laws regulating interest rates on mortgage escrow accounts
January 25, 2024
Shay Dvoretzky, Parker Rider-Longmaid, and Nicole Welindt of Skadden, Arps, Slate, Meagher & Flom LLP served as outside counsel.
The Chamber previously filed amicus briefs when this case was before the Second Circuit and the Eastern District of New York.