Federal Register: Treasury Dept. Office of the Comptroller of the Currency Issues Final Rule on Preemption Determination - State Interest-on-Escrow Laws
May 20, 2026
May 20, 2026
WASHINGTON, May 20 (TNSFR) -- The Department of the Treasury Office of the Comptroller of the Currency is issuing a preemption determination concluding that Federal law preempts State laws that restrict OCC-regulated banks' flexibility to decide whether and to what extent to pay interest or other compensation on funds placed in real estate escrow accounts; or assess fees in connection with such accounts. This preemption determination will provide much-needed clarity to banks and other stake . . .