Manatt’s Brian Korn, partner and co-chair of the firm’s financial services group, was featured in an article by Lend Academy on bills that are being introduced to remedy the Madden v. Midland decision.
“The Madden fix bills, if passed and signed into law, will resolve the ambiguity and circuit split that currently exists because of the Madden precedent from the Second Circuit U.S. Court of Appeals,” Korn told the publication. “The Second Circuit was attempting to interpret legislative history and intent in resolving the tension between federal preemption of the National Bank Act and the states’ interest in maintaining and enforcing their usury laws.”
Read the article here.