U.S. High Court Denies Review Of National Bank Act Preemption Decision

Mealey's (June 29, 2016, 9:30 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on June 27 denied a petition for writ of certiorari filed by a debt purchaser and its affiliate seeking review of a decision by the Second Circuit U.S. Court of Appeals that reversed a trial court’s holding regarding the National Bank Act (NBA) preemption and vacated the denial of class certification (Midland Funding, LLC, et al. v. Saliha Madden, No. 15-610, U.S. Sup.; 2016 U.S. LEXIS 4211).

Credit Card Debt

In 2005, Saliha Madden, a New York woman, opened...
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