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OCC Letter on Wells Fargo Preemption by wicholacayo is a document available to read on EtoBox.
This letter from the Office of the Comptroller of the Currency responds to a request for views on preemption of state laws in two cases involving national banks acting as trustees for mortgage-backed securities. The letter concludes that neither the National Bank Act nor OCC regulations preempt state consumer fraud laws from being applied to loans purchased and held in trust by national banks, as the banks were not the original lenders and were acting only as trustees on behalf of investors. The letter find
- Author
- wicholacayo
- Language
- EN