Late yesterday, Tuesday February 8th, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) received favorable court rulings in cases challenging their so-called “valid-when-made” rules. The court’s rulings granting summary judgment to the OCC and FDIC align with the amicus brief argument set forth by the Structured Finance Association and four fellow trade associations. In each case, the Plaintiffs were three states – California, Illinois and New York – challenging the validity of the rulemakings, and in each cases, the court found in favor of the Federal Agencies.