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FDIC, OCC Take Swipe At 'Unfathomable' Madden Decision

By Jon Hill ( September 11, 2019, 6:55 PM EDT) -- Federal banking regulators on Tuesday waded into a Colorado bankruptcy appeal over a high-interest business loan that was originated by a bank and later assigned to a nonbank, standing up for a legal doctrine on loan validity and knocking the Second Circuit's controversial Madden decision for "unfathomable" gaps in its legal analysis. . . .

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