True lending truth

Category: Regulation ABS

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Senate vote to reject True Lender will not affect loan securitizations

Denounced as a brake upon consumer lending, the recent Senate vote to strike down the so-called ‘True Lender Rule’ is a storm in a teacup, say lawyers.

The rule had only become effective in December 2020 and had been the subject of state attorney general (AG) challenges from the outset, they point out.

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