Ohio DFI Withdraws Guidance on Bank Loan Arrangers Under Small Loan Act.XXX-XXX-XXXX
On October 31, the Ohio Division of Financial Institutions (DFI) issued updated guidance, reversing its prior interpretation and suspending licensing for bank loan arrangers under the Small Loan Act.XXX-XXX-XXXX
Why It Matters
This change impacts finance professionals involved in loan arrangements, as it alters the compliance landscape for small loan operations in Ohio.XXX-XXX-XXXX