May 05, 2026
The Second Circuit ruled Tuesday that national banks are exempt from a New York law that requires interest to be paid on mortgage escrow accounts, handing a key victory to Bank of America NA in closely watched litigation testing the limits of states' banking regulatory authority.
October 08, 2020
A New York federal judge has greenlit Bank of America NA to seek the Second Circuit's immediate review of her ruling that a state mortgage escrow interest law isn't federally preempted for national banks, citing potential "system-wide benefits" of clearing up multiple bank lawsuits in one fell swoop.
February 03, 2020
Bank of America has told a New York federal judge that two new borrower lawsuits filed against its peers in the wake of her ruling that a state mortgage escrow interest law isn't federally preempted for national banks bolster the case for an immediate appeal of that decision.
January 07, 2020
Bank of America NA on Tuesday defended its bid for a Brooklyn federal judge's permission to pursue an immediate appeal of her ruling that a New York mortgage escrow interest law isn't federally preempted for the bank, saying its recent $35 million settlement of a case involving a similar California law is "irrelevant" to its request.