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Bipartisan Group of Attorneys General Seeks Repeal of Trump-Era True Lender Rule

A bipartisan group of 25 AGs, led by Illinois AG Kwame Raoul, sent a letter to Congress urging it to use the Congressional Review Act (“CRA”) to rescind a Trump-era True Lender Rule, which provides guidance on determining whether a national bank or federal savings association is the “true lender” on a loan in the context of a bank’s relationship with a third party.

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The Last Hoorah: Democratic AGs File Suits Against Federal Government in Final Week of Trump Administration 

A group of 15 Democratic AGs petitioned the U.S. Court of Appeals for the Second Circuit to review the Trump Administration’s final rule entitled “Test Procedure Interim Waiver Process,” which requires the U.S. Department of Energy to automatically grant interim waiver applications and removes a one-year deadline for making a permanent waiver determination for manufacturers seeking to set their own test procedures for compliance with energy efficiency standards. The AGs request that the Court vacate the final rule as unlawful pursuant to the Energy Policy and Conservation Act and the Administrative Procedure Act.

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What a Waste! Merging Waste Disposal Companies Must Divest Assets to Avoid Antitrust Concerns

The U.S. Department of Justice (“DOJ”) and the AGs of Florida, Illinois, Minnesota, Pennsylvania, and Wisconsin sued to block the merger of waste disposal companies Waste Management, Inc. (“WMI”) and Advanced Disposal Services, Inc. (“ADS”) over allegations that the $4.6 billion merger between the two companies would substantially harm competition for waste collection and disposal services in more than 50 local markets. DOJ and the AGs simultaneously filed a proposed final judgment that would require WMI to divest certain assets to mitigate the alleged anticompetitive harms of the merger.

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AG Coalitions Tackle PPP, Price Gouging Concerns

Eighteen Democratic AGs, led by Illinois AG Kwame Raoul, sent a comment letter to the Small Business Administration (“SBA”) opposing the SBA’s proposed rule governing the appeals process for Paycheck Protection Program (“PPP”) loans, which would impact all SBA decisions regarding PPP loans, including borrowers’ eligibility and a loan’s amount, acceptable usage, and forgiveness.

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 24 Democratic Attorneys General Object to Proposed Banking Rule, Alleging It Will Allow “Rent-a-Bank” Schemes

A group of 24 Democratic AGs, led by Minnesota AG Keith Ellison, New York AG Letitia James, and North Carolina AG Josh Stein, sent a comment letter to the Comptroller of the Currency objecting to a proposed federal rule titled “National Banks and Federal Savings Associations as Lenders,” arguing that it would undermine States’ usury laws, which deter predatory lending.

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