National Collegiate Master Student Loan Trust, et al., Petitioners v. Consumer Financial Protection Bureau, et al.

24-185

December 16, 2024
Justices Won't Hear 3rd Circ. CFPB Student Loan Trust Case

The U.S. Supreme Court said Monday that it would leave in place a lower court decision allowing the Consumer Financial Protection Bureau to sue securitization trusts over their servicers' treatment of borrowers, declining to take up a challenge to the scope of the agency's enforcement authority.
November 18, 2024
Justices Urged To Pass On 3rd Circ. CFPB Loan Trust Case

The Consumer Financial Protection Bureau has asked the U.S. Supreme Court to deny an appeal by a group of student loan trusts fighting an enforcement action by the agency, arguing that industry concerns about the Third Circuit case are overblown and unavailing.
September 20, 2024
3rd Circ. CFPB Ruling Threatens Securitization, Justices Told

Two major trade groups for the securities industry have urged the U.S. Supreme Court to review a Third Circuit decision allowing the Consumer Financial Protection Bureau to exercise enforcement authority over a collection of student loan securitization trusts, slamming the ruling as wrong and dangerous.
August 21, 2024
Student Loan Trusts Rip 'Aggressive' CFPB In High Court Bid

Fifteen Delaware student loan trusts have petitioned the U.S. Supreme Court to rescue them from a long-running Consumer Financial Protection Bureau enforcement lawsuit, asking to appeal a Third Circuit decision that said the securitization vehicles were subject to the agency's authority.