Andrews' Bank & Lender Liability Litigation Reporter
October 17, 2002
Copyright (c) 2002 Andrews Publications
OTS SAYS CALIF. CREDIT CARD LAW DOES NOT APPLY TO FEDERAL THRIFTS
Calif. Minimum Payment Statute
The Office of Thrift Supervision has determined that federal law preempts a California statute requiring banks that issue credit cards to give cardholders estimates of the amount of time it will take to pay off loan balances. Preemption of California...