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Second Circuit's Decision on NY Banking Regulation by End of 2024
4
Resolution / Starting Odds
Uphold NY State banking regulation • 50%
Preempt NY State banking regulation • 50%
Second Circuit Court official ruling publication
Story
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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