Best Law Firms publishes "true lender" article by Catherine Brennan and Latif Zaman

In the U.S. News & World Report and Best Lawyers Best Law Firms 2021 publication, Catherine Brennan and Latif Zaman provide an overview of true lender standards in light of the recent Office of the Comptroller of the Currency (OCC) proposed True Lender Rule and a recent settlement between the Colorado Attorney General and two fintech lenders. The CO settlement, which effectively describes a "safe harbor" for conducting a bank partnership lending program in the state, is significant in that it could provide a model for other states going forward.

Hudson Cook is ranked nationally for Financial Services Regulation Law and ranked regionally in four practice areas in four cities in the eleventh edition of U.S. News & World Report and Best Lawyers®. Catherine Brennan and 13 other Hudson Cook attorneys are ranked individually.

Catherine Brennan chairs Hudson Cook's FinTech practice. She engages in credit due diligence on behalf of investors in fintech firms, bank partnership platforms, small business lenders, merchant cash advance companies, consumer finance companies, title loan companies and payday lenders. Catherine assists national and state banks, investment banks, consumer and commercial finance companies, mortgage bankers, installment lenders and other licensed lenders in the development and maintenance of nationwide consumer and commercial lending programs.

Latif Zaman assists consumer financial services clients on various federal and state regulatory compliance matters. On behalf of investor clients, Latif assists with due diligence of credit and alternative finance programs. Latif advises clients on regulatory issues related to bank partnerships and litigation funding programs. He also advises lenders on choice of law issues.

Click here to read the article on page 36.

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