Split Panel Says California Interest Law Not Preempted After High Court Vacatur

( October 3, 2025, 1:49 PM EDT) -- SAN FRANCISCO — A split Ninth Circuit U.S. Court of Appeals panel on Oct. 2 said that it cannot overrule its own precedent holding that the National Bank Act (NBA) does not preempt a California state law requiring a minimum 2% interest on certain mortgage escrow accounts and affirmed a more than $9 million judgment in favor of a class of borrowers, while a dissenting judge said the precedent at issue was “‘effectively overruled’” by the U.S. Supreme Court....