Cases & Deals

Super-regional national bank analyzes potential compliance issues based on Dodd-Frank Act

Client(s) Super-regional bank

Jones Day advised a super-regional national bank in analyzing potential compliance issues based on the Dodd-Frank Act's provision regarding National Bank Act preemption. The Jones Day team conducted a state law survey for applicable laws and regulations for the bank's consumer financial products (including deposit products, credit cards, mortgages, and personal loans), advised the bank in reaching a conclusion regarding state law compliance, and recommended changes in the bank's products, services, and disclosures as applicable.