On Friday, December 8, 2023, plaintiffs, represented by Tycko & Zavareei LLP and co-counsel from other consumer advocacy firms, filed a brief with the Supreme Court of the United States asking it to overturn the Second Circuit’s decision to preempt escrow-interest laws.
In October, the U.S. Supreme Court agreed to hear the case involving Bank of America and consumers’ allegations that the bank is shirking New York and other states’ law mandating the payment of interest on mortgage escrow accounts.
Plaintiffs are represented by TZ Partners Hassan Zavareei and Anna Haac, Deepak Gupta, Jonathan E. Taylor, Gregory A. Beck, and Varshini Parthasarathy of Gupta Wessler LLP; Jonathan M. Streisfeld of Kopelwitz Ostrow Ferguson Weiselberg Gilbert, Todd. S. Garber of Finkelstein Blankinship Frei-Pearson & Garber LLP, and Mark C. Rifkin and Matthew M. Guiney of Wolf Haldenstein Adler Freeman & Herz LLP.
The case is Cantero et al. v. Bank of America NA, Case No.: 22-529 in the Supreme Court of the United States.