35 States Amicus short file Wachovia V. Burke case; US
The Conference of State Bank Supervisors (CSBs) announced today that 35 attorneys general, supported by the State Bank 43 commissioners, the amicus brief in support of the bank Connecticut Commissioner John P. Burke in Wachovia Bank NA and Wachovia Mortgage Corporation v. John P. Burke, Civil Protection Action No. 303 CV 070738 (JCH). The appeal is pending in U.S. District Court for the District of Connecticut.
Wachovia Connecticut has defied the supervisory authority licenses and Wachovia Mortgage Corporation, a provider of credit to the state charter. Broadly speaking, the case raises the question whether a license States have authority to provide …
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