States sue OCC over mortgage escrow interest pre-emption

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A 10-state coalition is asking a federal court to put a halt to the OCC’s rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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💡 What This Means For You

A mortgage protection policy is only as useful as its match to your actual loan terms — refinancing, an early payoff, or a rate change can all leave a policy out of step with reality. If this news has you thinking about your coverage, we’re happy to review it with you.

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