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Lawsuit pits PLS industry against CFPB

A ruling by a U.S. District Court judge that put the structured-finance industry on high alert will now be reviewed on appeal.

United statesStephanos bibasConsumer financial protection bureauUs supreme courtNational collegiate master student loanUs courtUs district courtThird circuit courtThird districtFinancial protection bureauCollegiate master student loan trustThird circuitStructured finance associationConsumer financial protection actCourt judge stephanos bibas

U S Court of Appeals for the Third Circuit Agrees to Hear Interlocutory Appeal in CFPB Enforcement Action against Student Loan Trusts | Cadwalader, Wickersham & Taft LLP

On April 29, 2022, the U.S. Court of Appeals for the Third Circuit granted a petition for permission to appeal in Consumer Financial Protection Bureau v. The National Collegiate Master.

United statesStephanos bibasEllen hollomanMaryellen noreikaNational collegiate student loan trusts theEnforcement authorityCourt holds that student loan trusts areWickersham taftForward movementUs courtConsumer financial protection bureauDistrict court grants interlocutoryNational collegiate master student loanThird circuitNational collegiate master student loan trustsNational collegiate student loan trusts

Third Circuit CFPB Enforcement Action Student Loan Trust Appeal

Third Circuit appeal in Consumer Financial Protection Bureau v. The National Collegiate Master Student Loan Trusts filed by defendants The National Collegiate Student Loan Trusts and certain interveners. Third Circuit agreed to hear two certified questions under CFPA.

United statesStephanos bibasVictor celisEllen hollomanMaryellen noreikaNational collegiate student loan trusts theEnforcement authorityCourt holds that student loan trusts areWickersham taftForward movementUs courtConsumer financial protection bureauDistrict court grants interlocutoryNational collegiate master student loanThird circuitNational collegiate master student loan trusts

Third Circuit CFPB Enforcement Action Student Loan Trust Appeal

Third Circuit CFPB Enforcement Action Student Loan Trust Appeal
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United statesStephanos bibasVictor celisEllen hollomanMaryellen noreikaNational collegiate student loan trusts theEnforcement authorityCourt holds that student loan trusts areWickersham taftForward movementUs courtConsumer financial protection bureauDistrict court grants interlocutoryNational collegiate master student loanThird circuitNational collegiate master student loan trusts

Delaware federal district court certifies questions regarding CFPB s enforcement authority and constitutionality to Third Circuit for interlocutory appeal | Ballard Spahr LLP

In CFPB v. National Collegiate Master Student Loan Trust et al., the district court rejected the Trusts’ arguments that they were not “covered persons” under the CFPA and that because.

Stephanos bibasSupreme courtUs supreme courtBallard spahrNational collegiate master student loanCollegiate master student loan trustThird circuitDirector kraningerSeila lawThird circuit judge stephanos bibasJudge bibas