Jul 01 2009 6 mins 1
With the U.S. Supreme Court's ruling on Cuomo v. ClearingHouse, the door is now wide open for state attorneys general to step in and monitor regulatory compliance at national banks. And according to Gregory Taylor, VP and associate general counsel at the American Bankers Association, this new scrutiny could come soon. Taylor discusses:
ABA's stance in favor of the OCC in Cuomo v. ClearingHouse;
The ramifications of the Supreme Court's decision;
What banks should expect next.
Prior to joining the ABA in 2004, Taylor handled high-profile litigation and enforcement matters for the FDIC and the OCC. He is currently responsible for the ABA's amicus efforts on behalf of the banking industry.
