Explainer: ERLC applauds the Senate for repealing the 2017 OCC ‘True Lender’ rule

Last night, the Senate voted 52-47 to repeal the Office of the Comptroller of the Currency’s (OCC) 2017 ‘True Lender’ rule. Republican Sens. Lummis (WY), Collins (ME), and Rubio (FL) voted to pass this bipartisan Congressional Review Act (CRA) aimed at the OCC’s misguided rule. The bill now heads to the House of Representatives for …