Cantero v. Bank of America, N.A.
Case Number:
21-400
Court:
Nature of Suit:
4190 CONTRACT-Other Contract Action
Companies
- American Bankers Association
- Bank of America Corp.
- Bank Policy Institute
- Consumer Bankers Association
Sectors & Industries:
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March 27, 2023
Justices Ask For SG Input On BofA Escrow Interest Fight
The U.S. Supreme Court on Monday asked the solicitor general to weigh in on New York's attempt to force Bank of America NA to pay interest on mortgage escrow accounts after the Second Circuit sided with the lender in September.
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September 15, 2022
2nd Circ. Sides With BofA In NY Escrow Interest Fight
The Second Circuit ruled Thursday that Bank of America NA did not have to follow a New York state law requiring lenders to pay certain interest on mortgage escrow accounts, holding that the requirement is federally preempted for national banks.
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June 15, 2021
OCC Backs BofA In 2nd Circ. Escrow Interest Preemption Row
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.