In a recent Asset Securitization Report article, Joseph Cioffi examines how the President's campaign rhetoric and post-election plans may support a court ruling that a class action lawsuit is a more reliable and superior way to enforce borrower rights relative to a competing action by a weakened CFPB or an inherently weak successor agency. Joseph notes that the administration seems poised to follow through on campaign promises of less regulation and reducing the CFPB's enforcement power, including actions affecting the Public Service Loan Forgiveness program and for-profit schools' federal aid eligibility. To read the full article, click here.
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