OCC Backs BofA In 2nd Circ. Escrow Interest Preemption Row

By Jon Hill (June 15, 2021, 9:52 PM EDT) -- The Office of the Comptroller of the Currency is going to bat for Bank of America NA in a pair of Second Circuit appeals challenging the applicability of a New York state law requiring the payment of interest on mortgage escrow accounts, arguing that this law should be ruled federally preempted for the national bank....

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