High Court Asks United States To Weigh In On California Interest On Escrow Law

( October 5, 2026, 2:28 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 5 invited the solicitor general to file a brief expressing the views of the United States on a petition challenging a split Ninth Circuit U.S. Court of Appeals panel’s ruling stating that the National Bank Act (NBA) does not preempt a California state law requiring a minimum 2% interest on certain mortgage escrow accounts and affirming in part a more than $9 million judgment in favor of a class of escrow-holders, which the petitioner says was incorrect under high court precedent....