Clearing House Association, LLC v. Cuomo

By proscribing the enforcement of non-preempted state law against national banks the Office of the Comptroller of the Currency, a bureau within the U.S. Treasury Department, has altered the compact between the state and national governments. That compact crafted by the framers of our Constitution envisioning two independent co-existing sovereigns will be dangerously weakened should this action by the Executive branch stand. A coequal relationship between the two sovereigns was built into the frame of our republican form of government. Changing that status to one more akin to parent-child or…