[Opinion] OCC confirms that its national bank preemption regulations are valid and require no changes despite Cantero Supreme Court opinion

OCC confirms that its national bank preemption regulations are valid and require no changes despite Cantero Supreme Court opinion

The OCC has mounted a vigorous defense of federal preemption, calling it “a cornerstone of the dual banking system, under which federally and state-charted banks operate alongside each other.” “Federal preemption has proven to be a powerful enabler of local and national prosperity and growth,” Acting Comptroller Rodney Hood wrote in a letter to Brandon Milhorn, President and CEO of the Conference of State Bank Supervisors, who called for rescind…