On September 3, the Supreme Court heard oral arguments for CFPB v. Community Financial Services Association, which challenges the constitutionality of the CPFB’s funding structure. Justices on both sides of the aisle seemed hesitant to validate arguments that the...
Read MoreJudge Matthew Kacsmaryk of the U.S. District Court for the Northern District of Texas, ruled in favor of the Department of Labor’s (DOL’s) 2022 rule, which allows retirement fund managers to consider environmental, social, and governance (ESG)...
Read MoreIn a speech on September 11, CPFB Director Rohit Chopra addressed the CFPB v. Community Financial Services Association of America case, which deals with the constitutionality of the agency’s funding structure. In his remarks, Chopra argued that...
Read MoreOn August 24, the U.S. Court of Appeals for the Second Circuit affirmed the District Court’s decision in Kirschner v. JPMorgan Chase Bank, N.A., ruling that bank loans are not classified as securities. The court’s latest...
Read MoreA federal judge in New York has dismissed a case brought forward by a pension fund, which accused Ocwen Financial Group and Wells Fargo of violating the Employee Retirement Income Security Act (ERISA). The judge...
Read MoreThe U.S. Court of Appeals for the Third Circuit has scheduled oral arguments in the case of the CFPB v. NCSLT for May 17, 2023, after being previously scheduled for March. The court’s ruling will...
Read MoreThe U.S. Court of Appeals for the 2nd Circuit is expected to hear arguments for an appeal in early 2023 in the Kirschner, v. JPMorgan Chase Bank, N.A. court case. The 2020 case held that syndicated term...
Read MoreOn November 7, the Consumer Financial Protection Bureau filed their brief in the Third Circuit Court of Appeals in the ongoing case against the National Collegiate Student Loan Trusts (NCSLT). In the brief, the CFPB...
Read MoreOn October 19, A federal appeals court ruled that the funding structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional. A three-judge panel of the 5th U.S. Circuit Court of Appeals ruled that the...
Read MoreCFPB v. NCSLT: Third Circuit Decides to Hear Appeal On May 3, the Third Circuit Court of Appeals granted an appeal in Consumer Financial Protection Bureau (CFPB) v. The National Collegiate Master Student Loan Trusts...
Read MoreA new report from Moody’s Investor Service discusses the drastic effects of the Consumer Financial Protection Bureau v. National Collegiate Master Student Loan Trust lawsuit on the securitization industry. The recent judicial ruling could allow...
Read MoreOn February 11, the U.S. District Court for the District of Delaware certified the Defendant’s motion for interlocutory appeal in Consumer Financial Protection Bureau (CFPB) v. The National Collegiate Master Student Loan Trusts (NCSLT). The court...
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