Battle Between U.S. Treasury Department and Eliot Spitzer Heats Up

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003396-battle-between-us-treasury-department-and/

By Jonathan Stempel, Reuters

New York’s Eliot Spitzer and 34 other state attorneys general are urging a court to throw out a banking regulator’s lawsuit seeking to block them from investigating whether big banks charge minority borrowers more to obtain mortgages, Spitzer said on Monday.

Spitzer’s brief, filed Friday with the U.S. District Court in Manhattan, is the latest salvo in his heated, months-long legal and public relations battle with the U.S. Treasury Department’s Office of the Comptroller of the Currency.

At issue is whether federal regulators have primary oversight of lending practices, or whether states may enforce their own, stricter laws.

For this complete story, please visit Spitzer urges dismissing regulator suit on lending.

Battle Between U.S. Treasury Department and Eliot Spitzer Heats Up

Unknown Author

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