Reed Auerbach

Morgan Lewis

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Latest Posts › Consumer Financial Products

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Members of Congress Introduce Joint CRA Resolution to Overturn the OCC’s True Lender Rule

Senator Chris Van Hollen (D-MD) introduced a Congressional Review Act (CRA) resolution of disapproval on March 26 that would invalidate the Office of the Comptroller of the Currency’s (OCC’s) true lender final rule. ...more

3/31/2021 / Congressional Review Act , Consumer Financial Products , Financial Regulatory Reform , Financial Services Industry , Legislative Agendas , Loans , Non-Bank Lenders , OCC , Regulatory Agenda , True Lender

OCC Issues Final ‘True Lender’ Rule

The Office of the Comptroller of the Currency (OCC) issued a final rule on October 27 that determines when a national bank or federal savings association (bank) makes a loan and is the “true lender” in the context of a...more

10/29/2020 / Banks , Consumer Financial Products , Final Rules , Financial Regulatory Reform , Financial Services Industry , Interest Rates , Madden v Midland Funding , Non-Bank Lenders , OCC , True Lender

OCC Issues Proposed ‘True Lender’ Rule

The Office of the Comptroller of the Currency (OCC) issued a proposed rule on July 20 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...more

7/24/2020 / Consumer Financial Products , Financial Regulatory Reform , Financial Services Industry , Interest Rates , Madden v Midland Funding , OCC , True Lender

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