California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank
CFPB Monitor
SEPTEMBER 10, 2020
The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. The FDIC has not yet proposed a similar rule. If adopted, this rule also will almost certainly be challenged.
78 
Let's personalize your content