Our Website Uses Cookies 


We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.


For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

OCC Proposes Rule To Settle 'True Lender' Question

July 20, 2020, Law360

Karen Solomon is quoted in Law360 regarding the Office of the Comptroller of the Currency’s proposed  rule to clarify the “true lender” question. Ms. Solomon says, “The OCC's proposal is a clear and very straightforward way of resolving the true lender issue.”

She adds the OCC makes clear in its notice that if a bank is designated the loan originator, it will be responsible for complying with a robust framework of consumer protection laws and safety and soundness standards. “Establishing a bright-line standard will encourage and facilitate bank lending partnerships with fintech companies,” she says.

Share this article: