Cantero v. Bank of America (Banking)
Podcast: Supreme Court Decision Syllabus (SCOTUS Podcast)Published On: Tue Jun 11 2024
Description: Send us a textIn Cantero v. Bank of America, the Supreme Court reviewed a Second Circuit decision that struck down a New York bank regulation, finding that the State's authority was preempted by federal law. The Court held that Dodd-Frank requires a nuanced analysis -- rather than a bright line test -- on the issue of federal preemption. Justice Kavanaugh, writing for a unanimous Court, reversed and remanded with instructions on the analysis required to determine preemption.
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