JOSEPH CIOFFI

US Banks Pull Back From $1.2tn Car Loans Market: Overstretched Consumers Raise Fears of Bubble in Echo of Subprime Mortgage Crisis

Joseph Cioffi was quoted in a Financial Times article, “US Banks Pull Back From $1.2tn Car Loans Market: Overstretched Consumers Raise Fears of Bubble in Echo of Subprime Mortgage Crisis.”

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US Consumer Debt Deters Big Banks From 1.2tn Car-Loan Market

Joseph Cioffi was quoted in an Irish Times article, “US Consumer Debt Deters Big Banks From 1.2tn Car-Loan Market.”

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Asset Securitization Report, “Yes, the President’s Words Do Matter, Even for Student Loan Litigation”

In a recent Asset Securitization Report article, Joseph Cioffi examines how the President’s campaign rhetoric and post-election plans may support a court ruling that a class action lawsuit is a more reliable and superior way to enforce borrower rights relative to a competing action by a weakened CFPB or an inherently weak successor agency. Joseph notes that the administration seems poised to...

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Yes, the President’s Words Do Matter, Even for Student Loan Litigation

Joseph Cioffi’s article, “Yes, the President’s Words Do Matter, Even for Student Loan Litigation,” was published in Asset Securitization Report.

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Subprime Auto Lenders Put on Notice Over Ties to Shady Dealers

Joseph Cioffi was quoted in an American Banker article, “Subprime Auto Lenders Put on Notice Over Ties to Shady Dealers.”

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American Banker, “Subprime auto lenders put on notice over ties to shady dealers”

Joseph Cioffi is quoted in an American Banker article discussing the recent settlement between the Massachusetts Attorney General and Santander, arising from alleged fraudulent auto loan activity at certain “high-risk” car dealerships. Joseph says, “The lesson is that audits and controls in place are not enough, you can’t just monitor a problem. You have to take action.”

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Madden Creates More Uncertainty for Marketplace Lenders

Joseph Cioffi and Massimo Giugliano’s article, “Madden Creates More Uncertainty for Marketplace Lenders” was published in Law360.

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