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People of the State of California v. Federal Deposit Insurance Corporation
Case Number:
4:20-cv-05860
See also:
Court:
Nature of Suit:
Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision
Judge:
Firms
Companies
- American Bankers Association
- Bank Policy Institute
- Consumer Bankers Association
- National Consumer Law Center Inc.
- Structured Finance Association
Government Agencies
- Commonwealth of Massachusetts
- Federal Deposit Insurance Corp.
- U.S. District Court for the District of Columbia
Sectors & Industries:
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May 21, 2021
FDIC Seeks To Quash State AGs' Valid-When-Made Suit
The Federal Deposit Insurance Corp. has asked a California federal court to shut down a lawsuit alleging the agency overstepped with its so-called valid-when-made rule for state-chartered banks, arguing that the state attorneys general behind the litigation "fail to present a credible challenge."
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August 20, 2020
State AGs Sue Over FDIC's Valid-When-Made Rule
Attorneys general from New York, California and several other states sued the Federal Deposit Insurance Corp. on Thursday over its recent rule addressing the transferability of interest rates on loans originated by state-chartered banks, alleging the agency is giving cover to predatory lenders and overstepping its authority.