On June 30, 2021, President Biden signed a joint resolution of Congress under the Congressional Review Act (“CRA”) to disapprove the OCC’s True Lender Rule. As a result, the True Lender Rule is now repealed....more
On May 11, the Senate voted 52-47 (with three Republicans joining 49 Democrats) to pass a joint resolution under the Congressional Review Act (“CRA”) to disapprove of (i.e., rescind) the Office of Comptroller of the...more
New York is joining a small but growing list of states seeking to regulate the “bank-origination” method of online lending.
The recently introduced New York Budget legislation would amend Section 340 of the New York...more
2/22/2017
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Consumer Financial Products ,
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FinTech ,
Fintech Charter ,
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Online Marketplace Lending ,
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