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Banking Groups Oppose FDIC Position On Interstate Lending

By Katryna Perera (May 13, 2024, 11:41 PM EDT) -- Two banking associations have argued the Federal Deposit Insurance Corp. is trying to create a new regulation through its support of a Colorado state law aimed at reining in high-cost lending by claiming for the first time, in an amicus brief, that interstate loans are made in both the lender's and borrower's states....

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