Banks Cheer as Hsu Comes Out Strong on Preemption

Also, MFA cautions SEC on swaps rule

Big banks have been pleading with Acting Comptroller Michael Hsu to stomp out the growing number of state laws sprouting up across the country that restrict their businesses. Late yesterday, the industry finally got what it wanted, at least in one locale. And the OCC came out swinging. 

Hsu’s assistance, delivered in an amicus brief in an Illinois federa…