The securitization of debt does not divest party from having standing to prosecute actionFebruary 12, 2015
American Express Bank FSB v Najieb, 2015 NY Slip Op 01177 (1st Dept. 2015)
“The securitization of plaintiff credit card issuer’s receivables did not divest it of its ownership interest in the account, and therefore did not deprive it of standing to sue to recover defendant’s overdue credit card payments”
This is interesting to say the least.