OCC Rule Aims To Settle Interest Rate Transfer Controversy
By Al Barbarino ( May 29, 2020, 9:12 PM EDT) -- The Office of the Comptroller of the Currency issued a final rule Friday stating that interest rates established on bank-originated debt remain valid even after the debt is transferred to a nonbank partner, an action aimed at clearing up a yearslong controversy that called the longstanding "valid when made" doctrine into question....
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