No. 22-529October Term 2023Decided May 30, 2024
Cantero v. Bank of America, N. A.
This case addressed whether the National Bank Act preempts a New York state law requiring banks to pay interest on funds held in mortgage escrow accounts.
Case status
- Current stage
- Decided
- Latest event
- Decision released May 30, 2024
- What it's about
This case addressed whether the National Bank Act preempts a New York state law requiring banks to pay interest on funds held in mortgage escrow accounts. The Supreme Court unanimously held that courts must determine if the state law prevents or significantly interferes with a national bank's powers, rather than applying a categorical preemption rule.
Question presented
When are state laws that regulate national banks preempted under federal law?
- Case path
United States Court of Appeals for the Second Circuit / Decision released May 30, 2024
- Area
Decided Supreme Court case
Timing
Decided May 30, 2024
The Court released its decision 93 days after oral argument on February 27, 2024. The median for cases argued in February is 106 days.
Documents
Related cases
Grounding
- Grounding
- Primary-source trail available.
- Note
- Plain-English explainer. Official filings and opinions remain authoritative.
- Checked
- Mar 30, 2026
- Method
- Methodology