Today is Tuesday, 19th November 2024

IL: AG – Don’t Worry about Supreme Court, Let States Regulate National Banks

From CNN Money:

Illinois’ attorney general on Thursday asked the U.S. Justice Department to reverse its support for a federal policy banning states from regulating nationally chartered banks, less than a month after the U.S. Supreme Court agreed to review the issue.

Lisa Madigan, the attorney general, said she asked U.S. Attorney General Eric Holder and Solicitor General-designate Elena Kagan to reject a Bush administration policy limiting states’ ability to enforce consumer protection and anti-discrimination laws against national banks.

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