Jason: The newest OCC recently awarded its “genuine bank” code
Jason: The newest OCC recently awarded its “genuine bank” code Stephanie: The brand new OCC’s “true bank” rule, together with “good when produced” regulations given from the OCC and FDIC, render far-called for understanding and simple vibrant-range testing in order for the bank companion is truly thought to be the real lender which receivables might be ended up selling so you can third parties in place of affecting the new legality of your own rates and you can terms and conditions that were defined upon origination. Just before these types…
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