Legal and Regulatory Issues
Legal advocacy is a key component of our mission to protect the structured finance market.
Overview
When a case in the judicial system raises issues of foundational significance to the structured finance market, SFA will intervene to protect long-standing contractual doctrines, reasonable market expectations and a healthy, functioning market.
We partner with other trade groups on matters relates to topics of importance to the structured finance market. A few of the key legal cases we weighed in on are below.
NCSLT Resource Hub
SFA’s CFPB v. NCSLT Resources Hub houses previous SFA advocacy, helpful links and resources relating to the September 2017 lawsuit from the Consumer Financial Protection Bureau (CFPB) against the National Collegiate Student Loan Trusts (NCSLT).
Publications & Resources
News
Settlement Allows Merchants to Reject Certain Credit Cards
A recent settlement would allow merchants to reject credit cards that charge them higher transaction fees – namely rewards credit cards. The legal battle stems…
U.S. DOJ Blocks Trump Administration Order to Dismantle the CFPB
On March 28, a U.S. judge blocked the Trump administration from dismantling the Consumer Financial Protection Bureau (CFPB), with the Trump administration appealing this decision…
U.S. Court of Appeals Overturns SEC Oversight Rule for Private Equity and Hedge Funds
On June 5, the 5th U.S. Circuit Court of Appeals rejected the Securities and Exchange Commission’s (SEC’s) private funds rule. The rule, which aimed to provide further details…
CFPB’s Funding Found Constitutional by Supreme Court
In a 7-2 vote on May 16, The Supreme Court ruled the CFPB’s funding structure to be constitutional. The court found that Congress has wide discretion to…
CFPB Seeks $5M in Penalties Against Student Loan Servicers
On May 6, the CFPB filed a complaint and two proposed stipulated final judgments to require National Collegiate Student Loan Trusts and Pennsylvania Higher Education…