The Student Loan Servicing Alliance, a trade group representing student loan servicers, has sued the District of Columbia to enjoin the operation of Law 21-214, the Student Loan Ombudsman Establishment and Servicing...more
3/30/2018
/ Banking Sector ,
Consumer Bill of Rights ,
Consumer Financial Products ,
Consumer Lenders ,
Federal Student Loans ,
Financial Services Industry ,
Higher Education Act ,
Motion To Enjoin ,
New Legislation ,
Preemption ,
Regulatory Oversight ,
State and Local Government ,
Student Loans
The Department of Education (ED) has apparently declined a request by 39 members of Congress to reinstate the Memoranda of Understanding (MOUs) between ED and the CFPB. ...more
The Department of Education (ED) recently delivered a letter to the Consumer Financial Protection Bureau (CFPB) providing notice of its intent to terminate the Memoranda of Understanding (MOUs) between the agencies. The...more
9/6/2017
/ Administrative Authority ,
Clery Act ,
Consumer Complaint Management ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Education ,
Federal Student Aid ,
Federal Student Loans ,
Financial Services Industry ,
Information Sharing ,
Memorandum of Understanding ,
Military Service Members ,
Regulatory Oversight ,
Split of Authority