A divided panel of the U.S. Court of Appeals for the Tenth Circuit has ruled in Walker v. BOKF, National Association that the extended overdraft fees charged by BOKF were not “interest” under the National Bank Act (NBA). The Tenth …
national bank act
Ballard Spahr Submits Comment Letter to OCC in Support of Proposed True Lender Rule
By Mindy Harris, Alan S. Kaplinsky & Ballard CFS Group on
Ballard Spahr LLP has submitted a comment letter to the OCC in support of its proposed rule, “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”). As detailed in our letter, we applaud the Proposed Rule, which …