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Loan Transfers Interest Rates

Buchalter

Buchalter COVID-19 Client Alert: OCC Proposes New Rule Defining “True Lender”

Buchalter on

On July 20, the Office of the Comptroller of the Currency proposed a rule which, if finalized as a rule, would establish a new standard for when a national bank or Federal savings association (“bank”) is the “true lender” in...more

Nutter McClennen & Fish LLP

Fintech in Brief: OCC Issues Final ‘Valid When Made’ Rule on Permissible Interest on Transferred Loan

On May 29, 2020, the Office of the Comptroller of the Currency (the “OCC”) issued a final rule (the “Rule”) confirming the validity of interest rates on bank loans transferred to third parties, including fintech affiliates....more

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