Last week, the Court of Appeal (Fourth Appellate District, Division One) handed the plaintiff a complete and total victory in Smith v. Wells Fargo Bank, case no. D045487. The decision has a lengthy discussion of federal preemption in UCL actions against financial institutions, including an interpretation of a new OCC preemption regulation. The Court held that neither the UCL claim nor the CLRA claim was preempted and reversed the trial court's order granting summary judgment to the bank. The opinion also applies summary judgment law in a very plaintiff-favorable way. I'm really not sure why this opinion wasn't published, because it appears to satisfy the requirements of Rule of Court 976. UPDATE: On January 26, 2006, the opinion was ordered published.