Tagged: true lender

June 24, 2021 @ 4:35 pm By JD Alois  |  

The True Lender Rule, regulation that impacts Fintech lenders, received some much-needed clarification last year from the Office of the Comptroller of the Currency. Now there has been a change of administration, the arcane rule may reverse the progress made from the prior administration. Today,… Read More

May 11, 2021 @ 10:41 pm By JD Alois  |  

The US Senate has voted to nullify the rule issued by the Office of the Comptroller of the Currency (OCC) entitled the National Banks and Federal Savings Associations as Lenders and published on October 30, 2020. The vote in the Senate was largely along party… Read More

July 20, 2020 @ 4:46 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has proposed a rule that would determine when a national bank or federal savings association (bank) makes a loan and is the “true lender” in the context of a partnership between a bank and a third… Read More