Ohio agrees with state right to regulate banks - 2003-08-27
Ohio is part of a group of 35 states supporting Connecticut's right to assert regulatory control over the state-chartered subsidiary of a federally chartered bank.
"In the specific field of mortgage lending, the business in which Wachovia Mortgage engages, both federal and state courts have upheld the validity of state laws designed to prevent lenders from engaging in fraud, predatory lending, redlining and other unconscionable practices," according to the brief.
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