The OCC "true lender rule" was removed from the Code of Federal Regulations, effective immediately.
News & Insights
President Joe Biden signed into effect the Senate and House of Representatives' joint disapproval of the Office of the Comptroller of the Currency’s "true lender rule." The action finalized repeal of the rule under the Congressional Review Act.
The FTC and the DOJ Antitrust Division implemented a temporary suspension of early termination grants for filings under the Hart-Scott-Rodino Act.
An investment firm was fined $2.9 billion by several authorities for its failure to (i) properly oversee its operations, (i) maintain internal controls and (iii) conduct proper risk management, with regard to its employees' involvement in improper payments to foreign officials.
President Donald J. Trump directed federal agencies to facilitate economic recovery in the United States by taking steps to speed up investments in infrastructure and enact other measures "to return Americans to work."