Cantero v. Bank of America, N. A.

Summary

The Supreme Court held that the Second Circuit applied the preemption analysis for New York's interest‑on‑escrow law incorrectly, failing to follow the Dodd‑Frank‑incorporated Barnett Bank standard. The Court vacated the appellate judgment and remanded for a proper case‑by‑case assessment of whether the state law "prevents or significantly interferes" with a national bank's powers.