{
  "id": "RS22057",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RS22057",
  "active": false,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 103737,
      "date": "2005-02-18",
      "retrieved": "2016-04-07T19:52:21.113029",
      "title": "Preemption of State Law for National Banks and Their Subsidiaries by Regulations Issued by the Office of the Comptroller of the Currency: A Sketch",
      "summary": "February 12, 2004, was the effective date of regulations, issued by the Office of the Comptroller\nof\nthe Currency (OCC), the regulator of national banks, preempting certain types of state laws affecting\nnational bank real estate lending, other lending, and deposit-taking functions and providing a\nprocedure for OCC to preempt other state laws affecting activities or powers authorized by Congress\nfor national banks. Over the years, OCC's preemptive authority has been challenged in the courts.  (1)  \n The new regulations have been criticized by state bank regulators, mortgage bankers, and consumer\ngroups as exceeding OCC's authority, upsetting the delicate balance of the dual banking system, and\nundermining states' ability to enact and enforce consumer protection and anti-predatory lending\nlaws. Although legislation was introduced in the 108th Congress to overturn the regulations, it was\nnot acted upon. This report will be updated as warranted by Congressional activity.\n     1.  \u00a0  CRS Report RL32197 ,  Preemption of State Law\nfor National Banks and Their Subsidiaries by the Office\nof the Comptroller of the Currency,  by M. Maureen Murphy.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
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      "topics": []
    }
  ],
  "topics": [
    "American Law"
  ]
}