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Another Maryland threat to bank partner model lending

CFPB Monitor

The OCFR claims that the Bank’s failure to hold the required lending licenses makes the loans unenforceable and prohibits Atlanticus/Fortiva from collecting any amounts on the loans. In addition, legal challenges to the OCC and FDIC “ Madden -fix” rules and the OCC’s “true lender” rule continue to create uncertainty for participants.

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Could COVID-19 Cause A Banking And Commercial Real Estate Crisis?

PYMNTS

Adding to the problem, the Post reported, is the fact that the looming threat of bankruptcies and defaults has already caused banks to tighten lending. Missouri-based commercial real estate broker John John told local media that the pandemic was the final push for a sector that had already been in a decline. No Quick Fix.