Statutory Trusts Subject To Consumer Financial Protection Bureau Jurisdiction

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
Today's General Counsel has published an article citing Cadwalader partners Mercedes Tunstall and Andrew Karp where they discuss how the Third Circuit handed down a decision ...
United States Finance and Banking

Today's General Counsel has published an article citing Cadwalader partners Mercedes Tunstall and Andrew Karp where they discuss how the Third Circuit handed down a decision in a case involving the Consumer Financial Protection Bureau and the National Collegiate Master Student Loan Trust that finds that statutory trusts used to handle securitizations are considered "covered persons" for purposes of the Consumer Financial Protection Act and thus, are subject to CFPB jurisdiction.

Read the article here.

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