Bank of America branch in Baltimore, Maryland. Photo: Diego M. Radzinschi/ALM Supreme Court Fears 'Practical Nightmares' of Potential Banking Decision
The justices consider whether the National Bank Act trumps state laws requiring banks to pay mortgage borrowers interest on escrow funds.
February 27, 2024 at 04:41 PM
5 minute read
The U.S. Supreme Court struggled during arguments Tuesday with how to determine when federal law trumps state laws regulating national banks, with Justice Samuel Alito Jr. worried about the "practical nightmares" that could come from the court's decision.
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