Bipartisan Group Of Attorneys General Seeks Repeal Of Trump-Era True Lender Rule
By EsqSocial Corporation 30/04/21
A bipartisan group of 25 AGs, led by Illinois AG Kwame Raoul, sent a letter to Congress urging it to use the Congressional Review Act (“CRA”) to rescind a Trump-era True Lender Rule, which provides guidance on determining whether a national bank or federal savings association is the “true lender” on a loan in the context of a bank’s relationship with a third party......
By: Cozen O'Connor