NU Online News Service, June 20, 11:15 a.m. – Massachusetts regulators have sued U.S. Comptroller of the Currency John D. Hawke over his agency's move to preempt a state law governing the sale of insurance by banks.
"This action is based on the right of Massachusetts and every other state to not have an unelected federal bureaucracy overturn provisions designed to protect consumers," Massachusetts Gov. Jane Swift said in announcing the suit.
Swift asked state Attorney General Thomas Reilly to file suit in the U.S. Court of Appeals for the 1st Circuit in Boston on behalf of Julianne M. Bowler, commissioner of insurance, and Thomas J. Curry, commissioner of banks.
