In an article published in the Review of Banking & Financial Services, Covington partner Ashley M. Simonsen argues that “true lender” theories asserted in litigation to invalidate bank–fintech partnerships are inconsistent with federal law, and would chill the market for interstate lending.  The article also suggests that both Congress and the federal banking regulators should act to reconfirm that banks that partner with non-banks remain the “true lender” entitled to federal preemption.  To read the article, click here.