Thank you for sharing!

Your article was successfully shared with the contacts you provided.
New York Attorney General Eliot Spitzer has been blocked from pursuing national banks for allegedly discriminatory lending practices. Southern District of New York Judge Sidney Stein last week issued an injunction sought by the federal Office of the Comptroller of the Currency, ruling that Spitzer does not have the authority to enforce anti-discrimination laws against the banks. Office of the Comptroller of the Currency v. Spitzer, No. 05 Civ. 5636. Stein found that Spitzer’s assertion of authority to enforce the laws is pre-empted by the National Bank Act and a regulation under the act adopted by the Office of the Comptroller of the Currency, the agency responsible for supervising the nation’s banking system. The comptroller’s office’s authority to visit and supervise the national banks, the judge found, is exclusive. The comptroller’s office sued in June seeking to block a wide-ranging investigation by Spitzer into the lending practices of the banks. Spitzer told The Associated Press that he will appeal the ruling.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.