The California Supreme Court has extended to Jan. 16 its time frame for reviewing the American Financial Services Association's lawsuit challenging the Oakland predatory lending law, according to a Kirkpatrick & Lockhart e-mail Mortgage Banking Client Alert.It had been expected that the court would decide whether to accept or deny the motion to review the lower courts' rulings in this case sometime this month. AFSA had lost at both the trial court and the appellate court levels. It has argued that California state law pre-empts municipalities such as Oakland and Los Angeles from passing their own predatory lending laws.
Processing Content
