US Chamber, Banking Groups Support BofA In Supreme Court Battle

January 26, 2024
1 min read

The U.S. Chamber of Commerce and major banking groups have voiced their support for Bank of America in a dispute with mortgage borrowers, urging the U.S. Supreme Court to uphold a Second Circuit decision in favor of the bank. The groups argue that overturning the ruling would have negative implications for the banking industry. The case involves borrowers who claim that the bank violated the Truth in Lending Act by not clearly disclosing certain fees. The Second Circuit ruled in favor of Bank of America, finding that the fees were adequately disclosed. The Trump administration has also filed a brief in support of the bank’s position.

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