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ARTICLE · 25 JUNE 2021

State AGs File Opposition To FDIC's Summary Judgment Motion In Lawsuit Challenging "Madden-fix" Rule

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The state attorneys general have filed their opposition to the FDIC's motion for summary judgment in their lawsuit to set aside the FDIC's "Madden-fix" rule.

United StatesConsumer Protection
Ronald K. Vaske
Ronald K. Vaske
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The state attorneys general  have filed their opposition to the FDIC's motion for summary judgment in their lawsuit to set aside the FDIC's "Madden-fix" rule.  The filing also includes the AGs' reply to the FDIC's opposition to their summary judgment motion.

The lawsuit is pending before the same California federal district court judge (Judge Jeffrey S. White) who is hearing the lawsuit filed by three state AGs to set aside the OCC's similar Madden-fix rule.Cross-motions for summary judgment have been filed in that case.  Oral argument on the motions was scheduled for May 7, 2021 but on May 6, the Clerk issued a notice vacating the hearing without setting a new date.

In opposing the FDIC's summary judgment motion, the AGs' primary arguments are:

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