Three trade groups urged a federal judge on Monday to overturn a Mississippi law that regulates bank insurance sales.
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The groups said the Mississippi law allows its insurance commissioner to "second-guess" the comptroller of the currency's interpretation of the National Bank Act.
This directly contradicts the intent of the bank act, which was to create a single, national standard for federally chartered banks.
The American Bankers Association, the Association of Banks in Insurance, and the Mississippi Bankers Association all signed the brief.
- Compiled by Jaret Seiberg