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Ballard Spahr Submits Comment Letter to OCC in Support of Proposed True Lender Rule

CFPB Monitor

1831d(a) (“Section 27(a)”), which governs the interest charges of state-chartered FDIC-insured banks. First of Omaha Service Corp., We urge the FDIC to propose and adopt a true lender rule that mirrors the OCC’s Proposed Rule. 251, 256-257 (1995) (citations and internal quotation marks omitted).

FDIC 78
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. Two years ago, Lead Bank and Self expanded the program to include a secured credit card. Since the successful Credit Builder Account participants end the program with $1,000 in the bank, they have the cash to secure the card. By Ed Avis.

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Senator Sanders to introduce bill imposing 15% or lower consumer credit interest rate cap

CFPB Monitor

The Sanders Bill would implicitly repeal well-established doctrines under Section 85 of the National Bank Act (enacted in 1864) and its analogue provisions (enacted in 1980) that provide usury authority for other FDIC-insured banks and thrifts. First of Omaha Corp., Supreme Court in Marquette National Bank v.