§25b. State law preemption standards for national banks and subsidiaries clarified — Inbound Citations
12 U.S.C. § 25b
Cited by 2 provisions in release 119-102.
Citations to 12 U.S.C. § 25b as a whole
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(1) Notwithstanding section 25b of this title, section 6 of the Home Owners’ Loan Act (12 U.S.C. 1465), or any applicable State law relating to licensing and supervision, a Federal qualified payment stablecoin issuer approved by the Comptroller pursuant to section 5904 of this title shall be licensed, regulated, examined, and supervised exclusively by the Comptroller, which shall have authority, in coordination with other relevant primary Federal payment stablecoin regulators and State payment stablecoin regulators, to issue such regulations and orders as necessary to ensure financial stability and implement subsection (a).
Citations to §25b(i)
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(c) The provisions of sections1 25b(i) of this title shall apply to Federal savings associations, and any subsidiary thereof, to the same extent and in the same manner as if such savings associations, or subsidiaries thereof, were national banks or subsidiaries of national banks, respectively.