Federal Regulatory Actions
2006-11-28T14:01:02-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMjRmXC8xOTU1MTQtbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Panelists talked about legal, economic, and policy issues involved in the U.S. Supreme Court case of Watters v. Wachovia Bank. At issue was the scope of the National Bank Act and federal financial regulations. Wachovia Bank had successfully argued in the Sixth Circuit Court of Appeals that federal regulations preempt Michigan laws regarding Wachovia’s lending activities. Panelists focused on the potential impact on banking regulation and the authority federal regulatory agencies, such as the Food and Drug Administration and the National Highway Traffic Safety Administration, when setting policy that preempted state law. They also responded to questions from the audience.
Panelists talked about legal, economic, and policy issues involved in the U.S. Supreme Court case of Watters v. Wachovia Bank. At issue was … read more
Panelists talked about legal, economic, and policy issues involved in the U.S. Supreme Court case of Watters v. Wachovia Bank. At issue was the scope of the National Bank Act and federal financial regulations. Wachovia Bank had successfully argued in the Sixth Circuit Court of Appeals that federal regulations preempt Michigan laws regarding Wachovia’s lending activities. Panelists focused on the potential impact on banking regulation and the authority federal regulatory agencies, such as the Food and Drug Administration and the National Highway Traffic Safety Administration, when setting policy that preempted state law. They also responded to questions from the audience. close
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