Industry News

High court to rule on states’ authority over mortgage lending subsidiaries

National banks say OCC, not states, should set rules
Published on Nov 27, 2006

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by CareyBot

The Supreme Court this week will hear arguments in a case that could limit the power of states to impose their own stricter standards on the mortgage lending subsidiaries of federally chartered banks. The case, Watters v. Wachovia Bank, began ...