SAN FRANCISCO The U.S. Court of Appeals for the Ninth Circuit doesn’t get a lot of love from the United States Supreme Court. But California’s high court smiled on it Thursday, choosing to follow a Ninth Circuit precedent on credit card disclosure while rejecting a state appellate decision.
In Parks v. MBNA America Bank, the California Supreme Court ruled that federal banking laws pre-empt a state statute that requires banks to make explicit disclosures about finance charges for so-called convenience checks that are drawn against credit card accounts.
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