OCC’s Final “True Lender” Rule Takes Effect
By EsqSocial Corporation 28/12/20
A&B ABstract: On October 27, 2020, the Office of the Comptroller of the Currency (“OCC”) issued a noteworthy final rulemaking that sets forth when a national bank or federal savings association originates a loan and is deemed the “true lender” in the context of a partnership between a bank and a non-bank third party, known commonly as a marketplace lending arrangement....
By: Alston & Bird