The larger risk from a barely noticed CFPB lawsuit
SFA CEO Michael Bright discusses how the developments in a court case involving a group of related student loan trusts and the CFPB could present a fundamental risk to all consumer securitizations. In the case at hand, CFPB v National Collegiate Student Loan Trust, the CFPB is attempting to assert that a trust has liability for the alleged mistakes of the servicer of the loans held in the trust. Mr. Bright’s op-ed explains the potential ramifications of this lawsuit to the market.
Latest Blogs
SFVegas 2024 AttendeeHub Login Instructions
March 2024Securitization Benefits Americans by Reducing Risk and Interest Rates
December 2023Consumers Defy Economists’ Optimism
November 2023Recent Trends in U.S. Home Prices and Mortgage Interest Rates
November 2023Stop the Government Debt and Spending Spiral
November 2023