Search Results: true lender
The Repeal of the Controversial True Lender Rule
We have written about the “True Lender Rule” many, many, many times. The rule was the US Office of the […]
Congressional Lawmakers Seek to Overturn the OCC’s “True Lender” Rule
Congressional Democrats recently introduced resolutions that would overturn the Office of the Comptroller of the Currency’s “True Lender Rule” (TLR), […]
The OCC’s “True Lender” Rule is Facing a Potential Reversal
Controversy and a high-profile lawsuit have surrounded the banking rule since the Office of the Comptroller of the Currency issued […]
OCC’s True Lender Rule Challenged in New Lawsuit
FinTech Litigation Update In January, seven states and the District of Columbia filed litigation in the Southern District of New […]
OCC’s New “True Lender” Rule Already Having Positive Effects: Colorado Settles Long-Running “True Lender” Case
The Office of the Comptroller of Currency recently issued a proposed Final Rule concerning when a national bank is the […]
New Regulation Alert: OCC Proposed New “True Lender” Rule May Reduce Claims Against Banks and Facilitate Partnered Lending
Loans made by national banks partnered with non-bank entities, like fintech companies, have led to increased litigation. A key question […]
Three States Sue to Overturn OCC’s New “Valid When Made” Rule
Debate over the rule issued in June by the Office of the Comptroller of the Currency—that the valid interest rate […]
Could Legislation Mean the End of the “Texas Two-Step?”
Johnson & Johnson’s highly publicized use of the controversial legal strategy “Texas Two-Step” has spurred Congressional calls for bankruptcy reform […]
PPP Loan Enforcement Begins With SBA Issuing a Borrower Questionnaire
The Small Business Administration will soon require borrowers who received Paycheck Protection Program loans greater than $2 million to complete […]
Seven States and the District of Columbia Sue to Overturn FDIC’s New “Valid When Made” Rule
In yet another challenge to the current administration’s efforts to abolish the “Madden Rule,” on August 20, 2020, seven states […]