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Cuomo v. Clearing House Ass'n., L.L.C., 08-453

In an action claiming that certain state fair-lending laws were preempted by the National Bank Act (NBA) and accompanying regulations, an injunction in favor of Plaintiffs is affirmed in part, where the state's threatened issuance of executive subpoenas was an improper exercise of "supervisory power". However, the judgment is reversed in part where a federal regulation purporting to pre-empt state law enforcement is not a reasonable interpretation of the NBA.

Appellate Information

  • Decided 06/29/2009
  • Published 06/29/2009

Judges

Court

  • United States Supreme Court

Counsel