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While The National Bank Act pre-empts the application of certain state banking laws to operating subsidiaries, it does not give national banks federal rights to bring suits under the Civil Rights Act, a federal appeals court ruled. Prior to Monday's ruling by the 2nd Circuit, no federal appeals court had considered whether regulations of the National Banking Act and the Office of the Comptroller of the Currency pre-empt state banking laws designed to regulate operating subsidiaries of national banks.
July 13, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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