![United States: Third Circuit Finds Statutory Trusts Are Subject To CFPB Jurisdiction - Cadwalader, Wickersham & Taft LLP](https://cdn.newsserve.net/ONPglobe256.png)
United States: Third Circuit Finds Statutory Trusts Are Subject To CFPB Jurisdiction - Cadwalader, Wickersham & Taft LLP
On Tuesday, the Third Circuit, handed down a decision in a case involving the Consumer Financial Protection Bureau and the National Collegiate Master Student Loan Trust that finds that statutory trusts used to handle securitizations are considered "covered persons".
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