It’s a Two-Way Street in Regulating Banks
- Share via
The U.S. Office of the Comptroller of the Currency has ruled that federally chartered banks are exempt from state banking laws (“U.S. Agency Rejects State Bank Laws,” Jan. 8).
This should be a two-way street. If the national banks do not have to follow state laws, states should bar the national banks from using state laws.
National banks should not be allowed to use state courts and state laws to enforce their loans. They should not be allowed to record property liens in our county recorders’ offices.
These banks should not be allowed to attach wages under state laws. They should not be allowed to use state laws to repossess automobiles and other property.
David E. Ross
Oak Park
More From the Los Angeles Times
Podcasts
The latest effort is coming from the L.A. County Board of Supervisors. They just announced a $3 million program in conjunction with some nonprofits groups to test and clean the soil at homes still standing in the areas impacted by the Eaton Fire.
California once bet big on offshore wind to help power its clean-energy future, but the Trump administration is now paying developers billions to walk away from their projects. As California’s remaining offshore-wind leases hang in the balance, the state is fighting back in court.
The Hillside Strangler murders terrorized Los Angeles in the late 1970s. The killers were a pair of sadistic cousins. One confessed. The other was set to stand trial—until L.A. prosecutors flinched.
