OCC ISSUES INTERPRETATIVE LETTER ON PREEMPTION UNDER THE DODDFRANK ACT

OCC ISSUES INTERPRETATIVE LETTER ON PREEMPTION UNDER THE DODDFRANK ACT

On December 18, 2020, the chief counsel of the Office of the Comptroller of the Currency (“OCC”) published a letter detailing the OCC’s comprehensive interpretation of the federal preemption standard and related procedural requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) (codified at 12 U.S.C. § 25b, “Section 25b”). See OCC Chief Counsel’s Interpretation: 12 U.S.C. § 25b, Interpretation Letter No. 1173 (Dec. 18, 2020)…Read More