CFPB lawsuit draws US regs battle lines as SLABS flaws laid bare
A US Consumer Financial Protection Bureau (CFPB) lawsuit filed against a student loan servicer has highlighted the bureau's importance just as Donald Trump gets to grips with a presidency many predict will shrink regulators’ powers. Meanwhile, writes Sasha Padbidri, the suit exposes deep flaws in student loan servicing which could affect the ABS market.
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