predatorylending
Washington, DC – The “fake lender” rule by the national bank regulator (the Office of the Comptroller of the Currency or OCC) effective last December protects these predatory lending “rent-a-bank” schemes. The rule prevents courts from looking beyond the fine print to uncover who is running and profiting off the loan program and is the “true lender,” as courts did for challenges to payday loan rent-a-bank schemes in the 2000s. Q1 2021 hedge fund letters, conferences and more Overturning The Rent-A-Bank SchemesCongress has only a few days left to approve a resolution under the Congressional Rev...
ValueWalk
Yesterday, the Federal Deposit Insurance Corporation (FDIC) voted to finalize its proposed rule on industrial banks and industrial loan companies (ILCs) and agency approval of new ILC charters. Q3 2020 hedge fund letters, conferences and more “Families all across the country continue to suffer from the economic fallout of the worsening COVID-19 pandemic, but the FDIC has approved a rule that does all the wrong things,” said Linda Jun, senior policy counsel at Americans for Financial Reform Education Fund. “It will leave people in precarious financial situations more vulnerable by undermining s...
ValueWalk
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら