August 13, 2020
A Colorado federal judge overturned a bankruptcy court ruling Wednesday in one of the first applications of the Office of the Comptroller of the Currency's new "valid when made" rule, which says bank loan interest rates are valid for the lifetime of the loan even if the loan is sold.
October 28, 2019
Nearly two dozen consumer rights groups, small-business advocates and civil rights groups have told federal banking regulators that they were dismayed at the agencies' decision to support a lender that "used a bank as a fig leaf" to issue a "predatory" business loan.
October 02, 2019
The Denver party equipment company behind a bankruptcy appeal that's attracted national attention over its potential implications for the "valid-when-made" doctrine pressed a Colorado federal judge on Tuesday to reject a business lender's nearly $700,000 claim, arguing the case is about the validity of a lien, not a loan.
September 25, 2019
The "valid-when-made" doctrine has been challenged as "not valid, but made-up" by a Georgetown Law professor who has waded into a Colorado bankruptcy appeal that has also caught the eye of federal regulators.
September 11, 2019
Federal banking regulators waded into a Colorado bankruptcy appeal over a high-interest business loan that was originated by a bank and later assigned to a nonbank, standing up for a legal doctrine on loan validity and knocking the Second Circuit's controversial Madden decision for "unfathomable" gaps in its legal analysis.