In 2018, the Ninth Circuit held in Lusnak v. Bank of America, N.A. that California’s interest-on-escrow law was not preempted by the National Bank Act because the California law did not prevent or significantly interfere with the bank’s exercise of its powers. 883 F.3d 1185 (9th Cir. 2018). Six years after Lusnak, the Supreme Court... Continue Reading
