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State AGs Sue Over FDIC's Valid-When-Made Rule

By Jon Hill ( August 20, 2020, 1:16 PM EDT) -- Attorneys general from New York, California and several other states sued the Federal Deposit Insurance Corp. on Thursday over its recent rule addressing the transferability of interest rates on loans originated by state-chartered banks, alleging the agency is giving cover to predatory lenders and overstepping its authority....

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