Tag: federal_preemption
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CFTC Sues Utah to Block State Enforcement Against Registered Exchanges
The Commodity Futures Trading Commission has filed a lawsuit against Utah to stop the state shutting down CFTC-registered contract markets, arguing federal law preempts state enforcement.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentState GovernmentsLegalFinancial MarketsRegulation Commodity Futures Trading CommissionUtahlawsuitcontract marketsfederal preemption
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OCC Finalizes Rules on Escrow Accounts, Affirms Federal Preemption Over State Laws
The OCC finalized two rules on real estate escrow accounts, emphasizing federal preemption over state laws regarding interest payments and fees. This aims to reduce burden, increase lending, and provide clarity for banks.
BusinessPolitics and GovernmentFederal GovernmentState GovernmentsBankingLegalEconomy Office of the Comptroller of the CurrencyReal Estate LendingEscrow AccountsFederal PreemptionNational BanksFederal Savings AssociationsNew YorkOffice of the Comptroller of the Currency (OCC)