Oregon, Nine Other States Sue Trump Admin to Protect Interest Payments to Homeowners

10 States Sue to Block Federal Mortgage Escrow Interest Rules

The lawsuit centers on federal rules that would allow national banks to ignore state requirements to pay homeowners interest on their escrow accounts.

Vermont attorney general challenges federal mortgage escrow rule

Vermont Attorney General Charity Clark is joining a multi-state lawsuit opposing a federal rule that could override state laws requiring banks to pay interest on mortgage escrow accounts.

Oregon, nine other states sue Trump admin to protect interest payments to homeowners

A coalition of 10 Democratic-led states, including Oregon, sued the Trump administration Tuesday over a new rule that could cost homeowners hundreds or even thousands of dollars by preempting state laws that require mortgage lenders to pay interest on the…

Vermont State Proposed Rules

Vt State 081326 2×12 Proposed Rules

Group of Democratic State Attorneys General Sue Trump Administration Over New Interest Rules for Homeowners

A group of Democratic state attorneys general is suing the Trump administration to block its attempt to invalidate state requirements that mortgage lenders pay homeowners interest on money deposited into escrow accounts, calling it an “unlawful handout” to big banks.   The lawsuit, filed Tuesday in a federal court in Oregon on behalf of 10 blue states, challenges two agency rules issued by the Office of the Comptroller of the Currency (OCC) in M…