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.
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."
President Donald J. Trump signed an Executive Order directing federal agencies to rescind, modify, waive, or issue exemptions from any rules and regulations that may hinder economic recovery in the midst of the COVID-19 pandemic.
In an Executive Order, President Trump blocked a Chinese technology company's acquisition of StayNTouch, Inc., a U.S. software company.