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Consumer Financial Protection Bureau v. National Collegiate Master Student Loan Trust et al
Case Number:
1:17-cv-01323
Court:
Nature of Suit:
Judge:
Firms
- Abrams & Bayliss
- Ashby & Geddes
- DLA Piper
- Faegre Drinker
- Heyman Enerio
- Landis Rath
- McCarter & English
- Pinckney Weidinger
- Robinson & Cole
- Stevens & Lee
- Venable LLP
- Wilson Sonsini
Companies
- Structured Finance Association
- Transworld Systems Inc.
- U.S. Bancorp
- VCG Holding Corp.
- Wilmington Trust Corp.
Government Agencies
Sectors & Industries:
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February 11, 2022
Del. Court Sends CFPB's Student Loan Trust Suit To 3rd Circ.
A Consumer Financial Protection Bureau debt collection practices suit against a group of Delaware student loan trusts is headed to the Third Circuit after a federal judge ruled Friday to certify key questions about the case's continued viability for an immediate appeal.
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December 14, 2021
CFPB Suit Over Unfair Debt Collection Practices Can Proceed
The Consumer Financial Protection Bureau can proceed in its suit alleging 15 student loan trusts harmed borrowers through deceptive and unfair debt collection tactics, according to a federal judge's ruling Monday that said the suit was not yet time-barred.
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June 14, 2021
CFPB Pushes To Keep Student Loan Trusts Case Alive In Del.
The Consumer Financial Protection Bureau has urged a Delaware federal judge to spare its debt collection practices case against 15 student loan trusts from a second and final dismissal, arguing its revised complaint is clear of any lingering doubts tied to the agency's past structural unconstitutionality.
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March 26, 2021
Ambac, Others Beat CFPB Suit Over Student Loan Trusts
A Delaware federal judge on Friday dismissed the Consumer Financial Protection Bureau's suit over the collections practices of a group of student loan trusts, agreeing with intervenor Ambac Assurance Corp.'s argument that the agency didn't have the authority to bring the action back when its structure was unconstitutional.
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November 17, 2017
Del. Court Nails Down $12B Student Loan Trust Control
Attorneys battling over control of $12 billion worth of investment trusts holding 800,000 securitized student loans moved Friday to settle a key ownership impasse that snarled disputes in multiple courts over slipshod loan management and unsupported default and collection lawsuits.
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September 18, 2017
CFPB Inks $22M In Settlements With Student Loan Cos.
Several private student loan holding trusts and their debt collector will pay nearly $22 million in fines and borrower reimbursements to head off lawsuits by the Consumer Financial Protection Bureau after the agency accused them of suing thousands of people to collect debts that they couldn't prove were owed.