In That Case: Cantero v. Bank of America

In the Public Interest is excited to present its second annual miniseries examining notable decisions recently issued by the US Supreme Court. In this episode, co-host Michael Dawson is joined by WilmerHale Senior Counsel Julie Williams, former Chief Counsel and First Senior Deputy Comptroller at Office of the Comptroller of the Currency, to discuss the recent decision in Cantero v. Bank of America, which involves the preemption of state consumer protection laws by the National Banking Act. Dawson and Williams discuss the factual and legal background of the case, the different standards of preemption applied by the lower courts and the Supreme Court, the implications of the decision for the banking industry and consumers, and the possible next steps in the litigation.