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Third Circuit Finds Student Loan Trusts Covered Persons under CFPA

Consumer Financial Protection Bureau v. The National Collegiate Master Student Loan Trusts Third Circuit Court ruled that Trusts were covered persons under Consumer Financial Protection Act CFPA despite having no employees and contracting with special servicers and subservicers to service and collect on the student loans. ....

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Federal Court Holds That Student Loan Trusts Are Subject to CFPB Enforcement Authority: What This Means for Consumer Securitizations and Other Whole Loan Buyers | Cadwalader, Wickersham & Taft LLP

On December 13, 2021, Judge Stephanos Bibas, visiting judge in the U.S. District Court for the District Delaware from the U.S. Court of Appeals for the Third Circuit, denied a motion to. ....

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Court Impact On Securitization (Podcast) - Finance and Banking

Global Litigation partner Ellen Holloman presents a podcast on two of the most interesting lawsuits impacting the securitization industry today, relating to the National Collegiate Student Loan Trusts. ....

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Ellen Holloman Cadwalader Financial Lawyer New York

Ellen Holloman is a lawyer in Cadwalader’s Global Litigation Group in the New York office. She focuses her practice on representing financial institutions, corporations and individuals in regulatory enforcement proceedings, corporate internal investigations and related civil litigation ....

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IFLR Corporate Sustainability Summit 2021

The inaugural event was held virtually on the 29th and 30th September, examining the legal risk in the rise of ESG issues ....

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