Alex Cantero, et al., Petitioners v. Bank of America, N.A.

  1. May 30, 2024

    High Court Calls For 2nd Circ. Redo In BofA Preemption Fight

    The U.S. Supreme Court on Thursday threw out a Second Circuit decision that freed Bank of America NA from class action litigation brought over a New York escrow interest law, ruling that the circuit court wasn't "nuanced" enough in finding the law preempted for national banks.

  2. February 27, 2024

    Justices Skeptical Of Workability In BofA Preemption Fight

    The U.S. Supreme Court appeared hesitant Tuesday to side with consumers who say that Bank of America and other national banks can't claim exemption from state laws in court without first proving "significant" interference from them, signaling practical concerns about what reversing a contrary Second Circuit decision could entail.

  3. February 27, 2024

    BofA Battle Will Test Preemption's Reach At High Court

    The U.S. Supreme Court is set Tuesday to consider whether federal law exempts national banks from state-level escrow interest requirements, a case whose technical-sounding focus belies its hefty implications for the balance of federal and state regulatory power over many of the nation's big banks.

  4. February 24, 2024

    Up Next At High Court: Social Media Laws & Bump Stocks

    The U.S. Supreme Court will hear oral arguments related to three big-ticket cases this week in a pair of First Amendment challenges to Florida and Texas laws prohibiting social media platforms from removing content or users based on their viewpoints and a dispute over the federal government's authority to ban bump stocks.

  5. February 20, 2024

    Justices Give Feds Time In Texas, Fla. Social Media Law Fights

    The U.S. Supreme Court has set aside time for the federal government to weigh in on looming oral arguments in cases to determine the constitutionality of controversial Texas and Florida laws that restrict social media companies' ability to curb users' speech.

  6. January 25, 2024

    US Chamber, Banking Groups Back BofA At Supreme Court

    The U.S. Chamber of Commerce and major banking groups have urged the U.S. Supreme Court to leave intact a Second Circuit decision in favor of Bank of America NA in a dispute with mortgage borrowers, arguing that disturbing that ruling would "destabilize the banking industry."

  7. January 22, 2024

    BofA Invokes 'Mayhem,' Fowl Odors In Preemption Battle

    Bank of America NA has warned the U.S. Supreme Court that the court risks unleashing "mayhem" on national banks in the form of a host of intrusive state regulatory requirements if it sides with a group of New York mortgage borrowers who sued the bank for unpaid escrow interest.

  8. December 15, 2023

    2nd Circ.'s BofA Ruling Risks Consumer Harm, Justices Told

    State banking regulators and leading consumer advocacy groups are backing a push for the U.S. Supreme Court to overturn a Bank of America NA victory at the Second Circuit that they say threatens the ability of states to protect consumers from harmful financial services practices.

  9. December 11, 2023

    Justices Urged To Toss 2nd Circ. BofA Preemption Decision

    Consumers suing Bank of America for allegedly ignoring a New York state-law escrow interest requirement told the U.S. Supreme Court that the Second Circuit defied established federal banking law preemption standards when it rejected their case.

  10. October 13, 2023

    Justices Take Up BofA Escrow Interest Preemption Case

    The U.S. Supreme Court said Friday that it will take up a case testing the limits of preemption for federally chartered banks, wading into a circuit split over whether such banks must comply with state laws mandating the payment of interest on mortgage escrow accounts.