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United States: Third Circuit Says Statutory Trusts Are 'Covered Persons' Under Consumer Financial Protection Act - Katten Muchin Rosenman LLP

Mondaq Tuesday, 26 March 2024
In a ruling long anticipated in the securitization industry, the US Court of Appeals for the Third Circuit on March 19 issued its opinion in Consumer Financial Protection Bureau v. National Collegiate Master Student Loan Trust et al.
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In a long-awaited decision, the Third Circuit handed the Consumer Financial Protection Bureau ("CFPB" or "Bureau") a victory in the National Collegiate Student...
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