Kate Davidson is a reporter in American Banker's Washington bureau, where she covers the Treasury Department, Consumer Financial Protection Bureau and Office of the Comptroller of the Currency. She previously wrote about community banks in the Northeast and Mid-Atlantic. Before joining American Banker, Kate covered the House Financial Services Committee and Senate Banking Committee for Congressional Quarterly. She began her career in New Hampshire, where she covered the 2008 presidential primaries and business news for the Concord Monitor in Concord, N.H.
The Treasury Department and state regulators have insisted the enactment of Dodd-Frank effectively forces national banks to comply with more state consumer protection laws. So far, however, courts are not supporting such claims.
A rare public rebuke of a rogue attorney general by his colleagues has highlighted the dysfunction among the state AGs and raised doubts about their ability to strike a settlement deal with the largest mortgage servicers.