Konynenbelt v. Flagstar Bank, FSB

Defendant Flagstar Bank, FSB, (Flag-star), formerly known as First Security Savings Bank, appeals by leave granted from the trial court’s order denying its motion for summary disposition to dismiss plaintiffs’ consumer protection lawsuit, which has been certified as a class action. In this case, we are asked to decide whether the trial court erred in denying Flagstar’s motion for summary disposition for a lack of subject-matter jurisdiction because the Home Owners’ Loan Act (HOLA), 12 USC 1461 et seq., and the Depository Institutions Deregulation and Monetary Control Act of 1980 (didmca), 12…