Implications Of The California Federal District Court’s Decision Upholding OCC’s Interest Rate Exportation Final Rule

LexisNexis (April 14, 2022, 11:03 AM EDT) -- A federal district court sitting in the Northern District of California recently upheld the Office of the Comptroller of the Currency’s interest rate exportation rule.  The Attorneys General from three states challenged the rule in a lawsuit filed on July 29, 2020. The decision released in early February 2022 is the latest development in the controversy over whether national banks have the authority to export interest rates in light of the uncertainty created by the Second Circuit’s much-discussed Madden decision. ...