Gregory Rubis

Gregory Rubis

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OCC Issues Valid-When-Made Rule With an Eye Toward Legal Challenges

The OCC’s new rule titled “Permissible Interest on Loans That Are Sold, Assigned, or Otherwise Transferred” (the Permissible Interest Rule) states that a national bank “may transfer a loan without impacting the permissibility...more

6/5/2020  /  Debt Buyers , Financial Regulatory Reform , Financial Services Industry , Interest Rates , Madden v Midland Funding , National Bank Act , OCC , Valid When Made Doctrine
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