OCC's Proposed "True Lender" Rule Symbiotic With Final Rule On Interest Rate Transfers

LexisNexis (September 15, 2020, 10:45 AM EDT) -- The Office of the Comptroller of the Currency (OCC) recently released a Notice of Proposed Rulemaking which creates a bright line test for discerning what entity is the "true lender" in a loan transfer transaction between a national bank and a third party. This is a significant regulatory development coming on the heels of new, final prudential rulemaking by the OCC and the Federal Deposit Insurance Corporation (FDIC) on interest rate transfers....