RegFi Episode 34: Bank partnership and consequences of opting out of DIDMCA | Orrick, Herrington & Sutcliffe LLP

Not all of our listeners will be familiar with the Depository Institutions Deregulation and Monetary Control Act of 1980, but pending DIDMCA state waiver litigation could upend the banking partnership models used by many fintechs. RegFi co-hosts Jerry Buckley and Sasha Leonhardt welcome Orrick partner James McGuire to review the DIDMCA interest rate export rules for state-chartered financial institutions and the lawsuit filed by industry groups in response to Colorado’s recent opt-out legislation. The conversation explores the critical balance between state regulations and national lending practices, including potential implications for traditional banking, fintech innovation and consumer access to credit.

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Watch the episode transcript