High Court Won't Review 9th Circ. BofA Preemption Ruling

By Jon Hill (November 19, 2018, 9:12 PM EST) -- The U.S. Supreme Court declined Monday to review a Ninth Circuit ruling that held a California state mortgage escrow interest law is not preempted by the National Bank Act, turning back Bank of America's bid to overturn a decision that it said will create "significant uncertainty" about whether other state laws apply to national banks.

The high court's refusal leaves in place a Ninth Circuit panel's ruling from March that revived a proposed consumer fraud class action brought against Bank of America NA by Donald Lusnak, a California homeowner who sought to force the North Carolina-based bank to comply with a...

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