Davis Polk partner and Financial Institutions practice head Margaret Tahyar was quoted in Banking Dive discussing a speech given by Michael Hsu, Acting Comptroller at the OCC. Margaret noted that she expects the agency to review its preemption standards thoughtfully.

“I think what he’s trying to do is to chart a path for the 21st century,” Margaret said. “He’s saying we are going to review, but keep in mind why we have this legal principle that is designed to create a national market.”

“Hsu signals OCC to review preemption rules,” Banking Dive (July 18, 2024)

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