U.S. Supreme Court Agrees To Hear National Bank Act Preemption Case

(October 13, 2023, 3:38 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 13 granted a petition for a writ of certiorari filed by mortgagors in a case seeking interest pursuant to New York law on escrowed accounts from Bank of America N.A. (BOA) in which they ask the high court justices to decide whether “the National Bank Act preempt[s] the application of state escrow-interest law to national banks.”...