Connecticut branches of national banks need not obey a state order barring them from charging nondepositor customers for use of their automatic teller machines, U.S. District Judge Janet Bond Arterton has ruled.

Reaching all the way back to the U.S. Supreme Court’s moss-covered decision in McCulloch v. Maryland (1819), Arterton finds in First Union National Bank v. Burke that only the federal government has the authority to enforce regulations affecting a national bank’s ATMs.

This content has been archived.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]