William Kivett, et al v. Flagstar Bank, FSB
Case Number:
21-15667
Court:
Nature of Suit:
Companies
- American Bankers Association
- Bank Policy Institute
- Conference of State Bank Supervisors
- Consumer Bankers Association
- Mortgage Bankers Association
Sectors & Industries:
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November 18, 2025
Flagstar Urges 9th Circ. Redo For Escrow Interest Ruling
Flagstar Bank pushed the entire Ninth Circuit to reconsider its prior ruling in a putative class action that accused the bank of violating a California law that requires banks to make interest payments for escrow accounts connected to certain types of residential mortgage loans, arguing that the court deciding that the state law is not preempted by the National Bank Act clashes with the U.S. Supreme Court's decision in a similar case.
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October 02, 2025
9th Circ. Rebuffs Flagstar's Escrow Interest Preemption Bid
The Ninth Circuit said Thursday that Flagstar Bank still owes a class of mortgage borrowers more than $9 million for unpaid escrow interest under a California law, ruling that a recent U.S. Supreme Court preemption case didn't upset circuit precedent on the issue.