<div id="readability-page-1"><div><p>The Conference of State Bank Supervisors celebrated an appellate court's decision not to grant a request by Flagstar Bank for the full panel in an interest-on-escrow case.</p><p>The organization used the ruling to call on the Office of the Comptroller of the Currency to end its efforts to create a national preemption. This whole situation was muddied by a U.S. Supreme Court decision in a related state versus national banking law case.</p><p>In the latest move, by a two-to-one vote, Flagstar Bank was denied both a panel rehearing and an en banc hearing by the Ninth Circuit Court of Appeals, which had previously affirmed a prior decision upholding California's law.<br/></p><h2>How a U.S. Supreme Court ruling affected this case</h2><p>The case went back to the court following the Supreme Court's decision in Cantero v. Bank of America, involving a similar law in New York. In its Cantero ruling, the high court did not definitively declare whether or not the National Banking Act has precedence over state banking law.</p><p>Unlike the Ninth Circuit in Kivett v. Flagstar, the Second Circuit had ruled in favor of B of A, creating a split.</p><p>Following Cantero, the Supreme Court granted Flagstar's petition to vacate Kivett and remanded it back to the Ninth Circuit.</p><p>After a panel rehearing in October, on a two-to-one vote, the court upheld the prior decision against the bank.</p><p>In a ruling filed on March 26, the three judges who initially heard the case voted the same way regarding both a further rehearing by them, Jay Bybee and Susan Bolton in favor of Kivett and Ryan Nelson in support of Flagstar.</p><p>This also applied on whether to recommend moving the case to the full court; in addition, no other judge on the appellate court's bench requested a vote, the single page ruling said.</p><p>However, this could all be for naught. The Office of the Comptroller of the Currency in December fielded two proposals that would resolve the issue in favor of the national banks.</p><p>Earlier this month, Jonathan Gould, head of the OCC, reiterated hisstrong support for the federal preemption.<br/></p><h2>How state regulators feel about this latest ruling</h2><p>This latest case reaffirms &#34;the appropriately high bar for preemption&#34; created by the Cantero decision, a statement from the Conference of State Bank Supervisors said.</p><p>&#34;The OCC has ignored that standard and Congress's clear direction, instead proposing a much lower threshold to preempt state laws it deems 'inefficient,' 'inflexible,' or 'unusual,'&#34; CSBS continued.</p><p>&#34;State interest-on-escrow laws do not prevent or significantly interfere with national bank powers and have long protected homeowners,&#34; the group continued, calling on OCC to withdraw its &#34;unlawful proposals.&#34;</p><p>A request for comment was made to Flagstar.</p><p>However, the bank is no longer in the mortgage servicing business. In 2024, it sold the portfolio to Mr. Cooper, which on Oct. 1 became a part of Rocket Cos.</p></div></div>

抵押贷款证券 ETF - Janus Henderson

房地产指数 ETF - iShares 道琼斯

抵押贷款支持证券 ETF - iShares

<p>国家银行监管者会议庆祝法院驳回 Flagstar Bank 在一个托管利息案件中请求重审的决定。第九巡回法院维持了加利福尼亚州的法律，重申了美国最高法院 Cantero 裁决设定的高预先排除标准。美国货币监理署（OCC）支持全国性银行的提案受到批评，认为这些提案削弱了保护房主的州法律。Flagstar 不再从事抵押贷款服务，已将其投资组合出售给 Mr. Cooper，现在是 Rocket Cos 的一部分</p>

各州在 Flagstar 被拒绝托管账户重审中取得胜利