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Trusts Assert Control In $22M CFPB Student Loan Suit

Law360, Wilmington (December 7, 2017, 4:31 PM EST) -- The recently affirmed owner of a $12 billion fleet of securitized student loan trusts moved late Wednesday to lock in its authority to settle a regulatory agency’s pending $22 million federal consent decree over debt collection practices, despite a seeming slowdown in the Delaware case.

In a filing with the U.S. District Court for Delaware, the National Collegiate Student Loan Master Trust advised Judge Gregory M. Sleet that the Delaware Chancery Court had declared interests of Vantage Capital Group founder Donald Uderitz as owners of 99.999...
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