From McClatchy : Scalia breaks ranks, slams Bush officials on bank regulation
In a rebuke of the Bush administration, the Supreme Court ruled Monday that a federal bank regulator erred in quashing efforts by New York state to combat the kind of predatory mortgage lending that triggered the nation’s financial crisis.
The five justices held that contrary to what the Bush administration had argued, states can enforce their own laws on matters such as discrimination and predatory lending, even if that crosses into areas under federal regulation.
McClatchy also reporting consumer advocates "elated."
Good day for Spitzer too.



2 Comments




Recommended.
Thank you!
I can’t believe the chickens are leaving the rooste, this is really good news