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Regulatory: Federal Bank Preemption

Congress codifies, overturns Supreme Court decisions.

This column is the third in a series of articles on the coming of the Consumer Financial Protection Bureau and the direction it is likely to take in the regulation of consumer financial products and services.

After the creation of the Consumer Financial Protection Bureau, one of the most talked about changes in Title X of the Dodd-Frank Act is the codification of certain preemption concepts as they are applied to national banks. To properly understand them requires a brief history lesson.

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Martin Bishop

Martin J. Bishop is a partner, litigation department vice chairman and co-chair of the consumer financial services litigation practice at Foley & Lardner LLP. He...

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