Copying and distributing are prohibited without permission of the publisher.

Watermark

Marketplace lenders prepare for ‘true lender’ repeal

ResolutionLaw_Adobe_575x375
By Jennifer Kang
03 Jun 2021

A likely repeal of the Office of the Comptroller of Currency's 'true lender' rule reopens the gates of regulatory uncertainty for marketplace lenders. However, the industry is still confident lenders will be able to manage the risks of states challenging their bank origination model, considering the short period in which the rule has been in place.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
By Jennifer Kang
03 Jun 2021