A federal appeals court this week backed a state's right to regulate bank insurance sales, turning the legal tide yet again on this controversial issue.

The U.S. Court of Appeals for the Seventh Circuit decided Monday that Illinois insurance regulators may bar a bank from selling the "retirement CD."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.