Justices Skeptical Of Cuomo's Bid To Probe Banks

Law360, New York (April 28, 2009, 12:00 AM EDT) -- New York officials bent on pursuing discriminatory lending investigations against national banks met with skepticism on Tuesday from several U.S. Supreme Court justices, who expressed concerns about exposing federally regulated institutions to state action.

The high court heard argument in a challenge brought by New York Attorney General Andrew Cuomo and backed by his 49 counterparts against an appeals court decision that blocked the state's top law enforcer from probing the banks.

The U.S. Office of the Comptroller of the Currency, the federal agency that oversees...
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