OCC Finalizes “True Lender” Rule
By EsqSocial Corporation 29/10/20
In the News. The Office of the Comptroller of the Currency (OCC) finalized its “true lender” rule, which establishes that a national bank or federal savings association (bank) is the “true lender” of a loan if, as of the date of origination, the bank either is the named lender in the loan agreement or funds the loan; the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) held a historic joint meeting to amend security futures margin rules; the Financial...
By: Goodwin