Supreme Court Remands Second Bank Act Preemption Case

The United States Supreme Court granted the petition for a writ of certiorari in Flagstar Bank V. Kivett and at the same time vacated the judgment of the Ninth Circuit and remanded the case for further consideration in light of Cantero v. Bank of America, N.A., _____U.S. _______ (2024). Like the Cantero case, Flagstar Bank involves the National Bank Act and the preemption of a state law that requires
lenders and holders to pay interest on residential mortgage escrow accounts… Read More