ABA, associations back proposals to cite federal preemption of state interest-on-escrow laws
By ABA Banking Journal Staff
AI Summary
The article supports proposals for federal preemption of state laws regulating interest on escrow accounts. These proposals clarify national banks' exemption from such state regulations.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities. It focuses on federal preemption of state laws applicable to all credit unions nationwide.
Original Content
ABA joined with other industry groups in expressing support for two regulatory proposals to clarify that national banks are exempt from state laws regulating real estate escrow accounts. The post ABA, associations back proposals to cite federal preemption of state interest-on-escrow laws appeared first on ABA Banking Journal .