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...
Joseph Cioffi’s article, “Yes, the President’s Words Do Matter, Even for Student Loan Litigation,” was published in Asset Securitization Report.
Joseph Cioffi was quoted in an American Banker article, “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.”
Joseph Cioffi and Massimo Giugliano’s article, “Madden Creates More Uncertainty for Marketplace Lenders” was published in Law360.
Joseph Cioffi was quoted in a Blueshift Research report, “Rising Delinquencies the New Normal for Subprime Auto Lending.”
In a recent American Banker article, “Crisis in Student Loan Servicing is Building,” Joseph Cioffi discusses how actions against the largest student loan servicer, Navient, may expose improper practices in student loan servicing that are contributing to the student loan debt crisis. As Joseph notes, in a similar way, actions against subprime mortgage servicers exposed issues that contributed to...
