Senate Banking Committee to hold April 28 hearing on “rent-a-bank,” Acting Comptroller of the Currency and State AGs send letters to lawmakers on OCC “true lender” rule
CFPB Monitor
APRIL 26, 2021
Haynes, III, Senior Pastor, Friendship-West Baptist Church, Dallas, Texas, and Dr. Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia Business School. The Rule addresses when a national bank or federal savings association should be considered the “true lender” in the context of a partnership with a third party.
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