Latest Breaking News On - Collegiate master student loan - Page 1 : comparemela.com

Thursday, April 1, 2021 On March 26, 2021, Judge Maryellen Noreika of the U.S. District Court for the District of Delaware dismissed a lawsuit brought by the Consumer Financial Protection Bureau (“CFPB”) in  Consumer Financial Protection Bureau v. The National Collegiate Master Student Loan Trusts, 1 finding,  inter alia, that the CFPB’s suit was constitutionally defective due to the CFPB’s untimely attempt to ratify the prosecution of the litigation in the wake of the Supreme Court’s decision in  Seila Law LLC v. Consumer Financial Protection Bureau.  This case has been closely watched by many participants in the structured finance industry, because the litigants had disputed over the question of whether the trusts at issue in the litigation are “covered persons” liable under the Consumer Financial Protection Act despite their status as passive securitization trust entities a question that has important and wide-reaching implications for the structu

United statesKathy kraningerMaryellen noreikaNational collegiate student loan trusts theEnforcement authorityWilmington trust companyAmbac assurance corporationWhile the courtUs district courtUnited states supreme courtTransworld systems incHas the supreme court tamed orPennsylvania higher education assistance agencySeila lawCourt holdingConsumer financial protection bureau