We’re tracking in-house compensation. Take the Law360 Survey
Click here
Canandaigua National Corporation v. Board of Governors of the Federal Reserve System
-
May 01, 2026
Major banking industry groups have urged the Second Circuit to remand to the Federal Reserve Board its order blocking a New York bank's proposed cash guarantee program for homebuyers, arguing the decision relied on a flawed legal interpretation that would effectively erase a key pathway for banks to pursue "complementary" nonbank activities.
-
April 24, 2026
Canandaigua National Corp. has urged the Second Circuit to overturn a Federal Reserve Board decision that denied the community bank's request to introduce a cash guarantee program for homebuyers, arguing the agency wrongly treated the plan as off-limits under what the company called an outdated legal view that banks should not own real estate.