June 10, 2024
The U.S. Supreme Court on Monday tossed a Ninth Circuit decision rejecting federal preemption of a California state interest-on-escrow law for Flagstar Bank, ordering a do-over in the case following the high court's recent ruling on preemption standards in a similar case involving Bank of America.
August 31, 2023
The U.S. Supreme Court should not hear two cases involving banks' unwillingness to pay interest on mortgage escrow accounts, a top government attorney advised, since lower courts failed to use the proper standard when evaluating the issue.