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Third Circuit Holds Securitization Trusts Can Be Subject To CFPB Enforcement Authority - Dodd-Frank, Consumer Protection Act

In a long-awaited decision, the Third Circuit handed the Consumer Financial Protection Bureau ("CFPB" or "Bureau") a victory in the National Collegiate Student Loan Trust litigation that could have wide-reaching implications for market participants in the consumer financial services industry.
United States Housing Finance Agency Consumer Financial Protection Bureau Supreme Court National Collegiate Student Loan Enforcement Authority
Source: mondaq.com

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