U.S. High Court: 2nd Circuit’s N.Y. Escrow Law Analysis Must Follow Dodd-Frank

(May 30, 2024, 11:32 AM EDT) -- WASHINGTON, D.C. — The Second Circuit U.S. Court of Appeals erred in analyzing a New York interest-on-escrow law and potential preemption by the National Bank Act (NBA) as its analysis must be consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act and Barnett Bank of Marion County, N.A. v. Nelson, a unanimous U.S. Supreme Court ruled May 30....