U.S. House of Representatives votes to override OCC True Lender Rule
The U.S. House of Representatives on June 24 voted 218 to 208 to repeal the Office of the Comptroller of ...
Tag: Office of the Comptroller of the Currency
OCC issues final rule on true lender
The Office of the Comptroller of the Currency (OCC) issued a final rule recently to establish a “simple, bright line test” to ...
Another ‘unfathomable’ decision: Colorado loans not valid when made
On June 9, the Colorado District Court issued an order stating that federal interest rate exportation authority under Section 27 of ...
COVID-19: Auto finance faces the global pandemic [FEATURE]
Editor's note: This article first appeared in the April edition of the magazine, available now. After a decade of exponential ...
Fed urges banks to lend in face of pandemic
The Federal Reserve today — in conjunction with the Office of the Comptroller of the Currency and the Federal Deposit ...
Regulators urge ‘responsible’ use of alternative data
With lenders increasingly relying on nontraditional data to hone underwriting, five banking regulators have urged that lenders maintain “robust” compliance ...
A lenders guide to refund fees and charges of ancillary products
Ancillary products are under scrutiny by attorneys general, the Consumer Financial Protection Bureau and the Office of the Comptroller of ...
House Financial Services Committee urges oversight of alt-data
The use of alternative data by lenders could expand access to credit to more than 40 million consumers. Likewise, banks ...
