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Split 9th Circ. Scraps Calif. Borrowers' Chase Escrow Fight

By Dorothy Atkins (September 22, 2020, 10:16 PM EDT) -- A split Ninth Circuit panel ruled Tuesday that a Depression-era federal law preempts proposed class claims alleging that JPMorgan Chase Bank violated a California mortgage escrow interest statute, though one judge wrote in dissent that the case "should be simple" and that the majority's ruling was at odds with Ninth Circuit precedent and relevant statutes....

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