Banks Make Fake Threats About "True Lender" Language in Illinois Law
see https://www.law360.com/banking/articles/1379222/ex-occ-head-defends-true-lender-rule-as-dems-eye-repeal?nl_pk=174037a3-be4b-4c3d-91af-6410a938b802&utm_source=newsletter&utm_medium=email&utm_campaign=banking This is a lot like 2008. But then the banks threatened to pull the plug on all trading platforms for bonds and other securities. They managed to convince a large number of decision-makers in the nation’s capital and in State capitals around the country that if securitization “infrastructures” were compromised, the entire …
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