Joseph Cioffi was quoted in a MarketWatch article, "Why Worries Over Subprime Auto Bonds Might Be Only Getting Started." Continue Reading
Westlaw | Can Regulators Pursue Lenders for Subprime Auto Defaults?
After Electoral Dysfunction, What Subprime Auto Can Expect From a Biden Administration
Asset Securitization | Yes, the President’s Words Do Matter, Even for Student Loan Litigation
Claims Against Navient Echo Problems with Subprime Mortgage Loan Servicers
The Bottom Line The allegations in the recent CFPB action against Navient are reminiscent of the abusive tactics that the CFPB alleged subprime mortgage servicers employed against struggling borrowers, which ultimately led to record-setting settlements. Unlike mortgage loan servicers that have had Continue Reading
Recent Actions Against Navient May Expose Problems Contributing to the Student Loan Debt Crisis
The Bottom Line It is uncertain how the Trump administration will deal with the student loan problem. On the one hand, his negative views of the current head of the CFPB and even regulation generally are well documented. But on the other hand, he has proposed more borrower-favorable income-based Continue Reading