A US banking regulator’s move to block state laws forcing national banks to pay interest on mortgage escrow accounts is an ...

On appeal, the Second Circuit reversed and held that “federal law preempts any state law that ‘purports to exercise control over a federally granted banking power,’ regardless of ‘the magnitude of its ...

On Oct. 13, 2023 the U.S. Supreme Court granted certiorari in Cantero v. Bank of America, 49 F.4d 121 (2d Cir. 2022), allowing the Court to confront an unsettled issue of national concern: whether ...

The Supreme Court found the 2nd Circuit applied the wrong standard in determining a state escrow interest law is preempted by federal law. Justice Brett Kavanaugh delivered the opinion for the ...

When closing on a home loan to help pay for your home purchase, you may find that your lender requires you to have an escrow account with them. In some cases, you can opt out, though you may not want ...

Escrow is an important component of homeownership, but for many homeowners, especially first-time homebuyers, understanding escrow accounts and the annual escrow analysis can be confusing. According ...

People use the escrow process in the international trade, stock market and, most commonly, real estate arenas. Prospective homeowners go through the escrow process when they close on the sale of a ...