House Votes to Repeal OCC True Lender Rule
By EsqSocial Corporation 29/06/21
On June 24, the U.S. House of Representatives passed S.J. Res. 15 by a vote of 218-208 to repeal the Office of the Comptroller of the Currency’s (OCC) “True Lender” rule under the Congressional Review Act (CRA). The OCC published the rule last year to establish a “simple, bright-line test” to determine when a national bank or federal savings association is the true lender......
By: Sheppard Mullin Richter & Hampton LLP