Insights: Publications Where Are We Now: A Look at the EFTA’s Prohibition of Compulsory Payments of Loans by Electronic Fund Transfers

The Banking Law Journal

The Federal Deposit Insurance Corporation recently proposed examination guidance, which increases scrutiny on financial institutions that conduct lending operations using third-party lenders to originate or secure funding for loans. The authors of this article discuss the proposed examination guidance, the Electronic Funds Transfer Act, and recent cases interpreting the Act.
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