Federal credit unions could be subject to additional subpoenasfor information from state attorneys general as a result of a U.S.Supreme Court decision issued last week.

The high court ruled that federal law-specifically the NationalBank Act-can't be used to block or pre-empt state enforcement ofstate laws, even if that means additional regulatory burdens forfederally chartered financial institutions.

In his majority opinion, Justice Antonin Scalia wrote that theaction being challenged-a request by then-New York Attorney GeneralEliot Spitzer for information about the lending practices ofseveral national banks-didn't interfere with the rights given tothe federal government under the National Bank Act.

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