• National Banks and State Enforcement: Supreme Court Opens the Door for State Judicial Enforcement Actions
  • July 16, 2009
  • Law Firm: Alston & Bird LLP - Atlanta Office
  • On Monday, the U.S. Supreme Court ruled, in a 5-4 decision, that states may take action through the judicial process to enforce non-pre-empted state laws against national banks. The decision, Cuomo v. Clearing House Association, L.L.C., seems likely to result in increased state actions against national banks (and probably federal thrifts).