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VisitImpact on Other Banking Regulations by End of 2024
Stricter regulations imposed • 33%
Looser regulations imposed • 33%
No significant change • 33%
Public announcements and new regulations by Federal or State agencies
Supreme Court Unanimously Vacates and Remands Cantero v. Bank of America Decision (22-529) by Kavanaugh
May 30, 2024, 02:03 PM
The Supreme Court issued a unanimous decision in Cantero v. Bank of America, N. A. (22-529), authored by Justice Brett Kavanaugh on May 30, 2024. The Court vacated and remanded the Second Circuit's decision, which had failed to properly analyze whether a New York State banking regulation concerning interest-on-escrow is preempted by the Dodd-Frank Act. The case will return to the Second Circuit for further analysis in accordance with the Supreme Court's direction.
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New regulations introduced • 33%
Existing regulations enforced more strictly • 33%
No change in regulations • 34%
Stricter regulations • 33%
Looser regulations • 33%
No significant changes • 34%
Increase in regulatory actions • 33%
Decrease in regulatory actions • 33%
No significant change • 34%
Yes, against one more bank • 33%
Yes, against two or more banks • 33%
No additional actions • 33%
New regulations introduced • 33%
Existing regulations tightened • 33%
No regulatory changes • 34%
Increased regulation • 33%
No change • 33%
Decreased regulation • 33%
Increased Regulations • 33%
No Change in Regulations • 34%
Regulatory Bans • 33%
Implement similar controls • 33%
No change in controls • 33%
Revise existing controls without major overhaul • 34%
Stock prices increase • 33%
Stock prices decrease • 33%
No significant change • 34%
No expansion • 25%
Expansion to digital currencies • 25%
Expansion to fintech companies • 25%
Expansion to other financial services • 25%
Stock price increases • 50%
Stock price decreases • 50%
Preempt NY State banking regulation • 50%
Uphold NY State banking regulation • 50%
Case remanded again • 33%
Uphold NY State banking regulation • 33%
Preempt NY State banking regulation • 33%