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GC Asia
OCC true lender clarification to establish legal certainty for online lenders
The Office of the Comptroller of the Currency (OCC) proposed a clarification that would settle the dispute around the true lender rule, which sources say is highly likely to pass and would be a boon to the marketplace lending ABS sector.
Even before the rise of fintechs, bank partnerships were commonplace among specialty lenders. Federal law has allowed banks to enter into such contracts to make loans on behalf of third party lenders for a long time, and yet, guidelines have been unclear as to who the
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Latest news from Securitization
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Dongfeng Peugeot drives into ABS market on sales rebound
16 Apr 2021 -
Project Zeus: Greece brings first non-performing energy debt securitization
15 Apr 2021 -
Lower default rate boosts CLO credit quality
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15 Apr 2021
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