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Washington D.C. Introduces Legislation Attacking Fintech-Bank Partnership Lending by Opting Out of DIDMCA and Codifying a "True Lender" Test | Troutman Pepper - Vimarsana News

Washington D.C. Introduces Legislation Attacking Fintech-Bank Partnership Lending by Opting Out of DIDMCA and Codifying a "True Lender" Test | Troutman Pepper

Late last month, Councilmember Kenyan R. McDuffie introduced B 25-0609, entitled the Protecting Affordable Loans Amendment Act of 2023, that proposes to opt the District of Columbia out...

Rate Exportation Opt-Out and "Anti-Evasion" Bill Introduced in Washington D.C. | Ballard Spahr LLP - Vimarsana News

Rate Exportation Opt-Out and "Anti-Evasion" Bill Introduced in Washington D.C. | Ballard Spahr LLP

District of Columbia Council Bill B 25-0609, which would opt out of Section 27 of the Federal Deposit Insurance Act (“FDIA”) with respect to loans made in the District of Columbia, was...

FDIC Refines Supervisory Strategy Concerning Multiple Re-Presentment NSF Fees Guidance - Financial Services - Vimarsana News

FDIC Refines Supervisory Strategy Concerning Multiple Re-Presentment NSF Fees Guidance - Financial Services

In this Weekly Roundup Issue. The Federal Deposit Insurance Corporation (FDIC) refined its supervisory strategy concerning multiple re-presentment non-sufficient funds fees...

Source: mondaq.com
Colorado Opts Out Of Federal Interest Exportation For Consumer Credit: 3 Things Credit Card And Lending Programs Need To Know - Consumer Credit - Vimarsana News

Colorado Opts Out Of Federal Interest Exportation For Consumer Credit: 3 Things Credit Card And Lending Programs Need To Know - Consumer Credit

Colorado House Bill 23-1229 (the Bill) was signed into law on June 5, 2023. As part of the Bill, Colorado opted out of the federal interest exportation right granted to federally insured...

Source: mondaq.com
Colorado Passes Law to Curb Interest Rates on Consumer Loans | Venable LLP - Vimarsana News

Colorado Passes Law to Curb Interest Rates on Consumer Loans | Venable LLP

Colorado has passed a law that amends the Colorado Uniform Consumer Credit Code (UCCC) to extend state interest rate limits on certain consumer loans made by out-of-state...