Ambac, Others Beat CFPB Suit Over Student Loan Trusts

By Hailey Konnath ( March 26, 2021, 11:21 PM EDT) -- A Delaware federal judge on Friday dismissed the Consumer Financial Protection Bureau's suit over the collections practices of a group of student loan trusts, agreeing with intervenor Ambac Assurance Corp.'s argument that the agency didn't have the authority to bring the action back when its structure was unconstitutional....

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