[nbp234]

Lots of contracts specify a jurisdiction to resolve any disputes over the agreement. That's probably what's happening here.

[ratmice]

I believe the reason they gave from the previous article was the bank has a branch in new york.

[MattGrommes]

Also the lenders know that the banks rarely examine all the requests they receive. The banks tend to just follow the directive so they don't have to spend money/time on looking into them.

[anticensor]

Entity resolving the dispute may ignore jurisdiction choice.