OCC Proposes Rule To Settle 'True Lender' Question

By Philip Rosenstein (July 20, 2020, 10:58 PM EDT) -- The Office of the Comptroller of the Currency proposed a rule Monday to clarify that a bank is the "true lender" of a loan if that institution is named on the loan document at the date of origination or if it funds the loan, as the agency seeks to address ambiguity amid the proliferation of bank partnerships in lending....

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