On August 7, the U.S. District Court for the Southern District of New York granted summary judgment for the New York Bankers Association (NYBA) in a case challenging the City of New York’s Local Law 38, entitled the Responsible Banking Act (RBA). New York Bankers Ass’n, Inc. v. City of New York, No. 15-CV- 4001, 2015 WL 4726880 (S.D.N.Y. Aug. 7, 2015). Passed in 2012, the RBA imposes various requirements on banks operating within New York City, including, as a prerequisite to receiving certain municipal deposits, requirements to document efforts to provide affordable housing, access to credit for small businesses, and other services. The court held that the RBA was preempted both by (i) federal law (including the National Bank Act, the Community Reinvestment Act, and OCC regulations) because, among other reasons, the RBA “stands as an obstacle to the accomplishment and execution of the full purposes and objectives of Congress”; and (ii) New York state law, because the New York Banking Law “evinces an intent to preempt the field of regulating state-chartered banks.” Thus, the RBA was “void in its entirety.”