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» Third Circuit Favors CFPB in Lawsuit Against ABS Trusts
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Third Circuit Favors CFPB in Lawsuit Against ABS Trusts
April 4, 2024
Shannon Clark
The circuit court held that the ABS trusts are covered persons subject to the CFPB’s authority under the Dodd-Frank Act. The lawsuit could have a major impact on the broader securitization market, the Structured Finance Association warned.
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