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In 2003, the OCC proposed regulations to preempt virtually all state banking and financial services laws for national banks and their diverse range of non-bank, corporate operating subsidiaries. [5] Despite opposition from the National Conference of State Legislatures, [6] the OCC's regulations went into effect. [citation needed] In Watters v.
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
Most states use a single official code divided into numbered titles. Pennsylvania's official codification is still in progress. California, New York, and Texas use separate subject-specific codes (or in New York's case, "Consolidated Laws") which must be separately cited by name.
[3] 12 U.S.C. § 1464(n) authorizes fiduciary activities for federal savings associations, and specifies certain state law requirements that are applicable to federal savings associations. 12 C.F.R. §550.136(c) lists six types of state laws that, in certain specified circumstances, are not preempted with respect to federal savings associations.
Originally set up as the Office of Regulatory Loan Commissioner in 1963, [4] the Office of Consumer Credit Commissioner (OCCC)’s current name was established when the Texas Credit Code was enacted in 1967. [5] The Texas Finance Commission oversees the OCCC, [6] and appoints the Consumer Credit Commissioner who serves at its will. [7]
This is a chronological, but still incomplete, list of United States federal legislation. Congress has enacted approximately 200–600 statutes during each of its 118 biennial terms so more than 30,000 statutes have been enacted since 1789.
The advantage of holding a National Bank Act charter is that a national bank is not subject to state usury laws intended to prevent predatory lending. [6] However, in Cuomo v. Clearing House Association, L. L. C., the Supreme Court ruled that federal banking regulations do not preempt the ability of states to enforce their own fair-lending laws ...
United States law; List of legal abbreviations; Legal research; Legal research in the United States; For more information on official, unofficial, and authenticated online state laws and regulations, see Matthews & Baish, State-by-State Authentication of Online Legal Resources, American Association of Law Libraries, 2007.