The Supreme Court has given homeowners another chance to force Bank of America and other large banks to pay interest on mortgage escrow accounts.
FILE - Supreme Court is seen on Capitol Hill in Washington, Monday, Oct. 23, 2023. – The Supreme Court on Thursday gave homeowners another chance to force Bank of America and other large banks to pay interest on mortgage escrow accounts.
A federal judge initially ruled in favor of the borrowers, but the federal appeals court in New York granted Bank of America's request to dismiss the suits, arguing that the federal law governing national banks does not permit such state-by-state regulation.
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