National Banking Act

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Supreme Court Upholds State Enforcement of Lending Laws

Jun 29, 2009By

[Update 1: clarifies OCC’s role] A US Supreme Court ruling today gives state attorneys general authority to pursue judicial action against national banks. It also struck down an interpretation of the National Banking Act by the Office of the Comptroller of the Currency (OCC) that led to a regulation preempting states from enforcing fair lending laws.