The OCC and the Clearinghouse just won a lawsuit where they told Elliot Spitzer to go mind his own business, ’cause it’s up to the Feds to regulate national banks.
An unexpected bonus of Federal rather than state regulation of a financial industry. Perhaps the powers that be in the insurance business might want to take another look at McCarran-Ferguson and exclusive state regulation of insurance.
The OCC and the Clearinghouse just won a lawsuit where they told Elliot Spitzer to go mind his own business, ’cause it’s up to the Feds to regulate national banks.
An unexpected bonus of Federal rather than state regulation of a financial industry. Perhaps the powers that be in the insurance business might want to take another look at McCarran-Ferguson and exclusive state regulation of insurance.