October 13, 2023
The U.S. Supreme Court said Friday that it will take up a case testing the limits of preemption for federally chartered banks, wading into a circuit split over whether such banks must comply with state laws mandating the payment of interest on mortgage escrow accounts.
August 31, 2023
The U.S. Supreme Court should not hear two cases involving banks' unwillingness to pay interest on mortgage escrow accounts, a top government attorney advised, since lower courts failed to use the proper standard when evaluating the issue.