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Proposed Legislation Student Loans

Brownstein Hyatt Farber Schreck

Chairman Cassidy Unveils Senate HELP Committee Budget Reconciliation Bill

On Tuesday, June 10, the Senate Health, Education, Labor and Pensions (HELP) Committee released the text of its budget reconciliation bill, accompanied by a section-by-section summary and a one-pager. This release follows the...more

Troutman Pepper Locke

Proposed New York FAIR Business Practices Act Aims to Expand Consumer Protections Against Unfair, Deceptive, or Abusive Practices

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On March 13, New York State introduced proposed legislation titled the Fostering Affordability and Integrity Through Reasonable Business Practices Act (FAIR Act). The proposed legislation seeks to broaden the scope of...more

Hinch Newman LLP

New York Attorney General Advances Consumer Protection Legislation Intended to Bolster GBL Section 349

Hinch Newman LLP on

In March 2025, Office of the Attorney General for the State of New York introduced the Fostering Affordability and Integrity Through Reasonable (“FAIR”) Business Practices Act in the State Senate and State Assembly. The...more

Cooley LLP

Department of Education: What to Know About Dissolution, Reduction and Reallocation

Cooley LLP on

The 13th Secretary of the Department of Education (ED), Linda McMahon, was confirmed in a 51 – 45 Senate vote on March 3, 2025. Upon becoming secretary, McMahon delivered her opening speech to ED, “Our Department’s Final...more

Sheppard Mullin Richter & Hampton LLP

New York Attorney General Proposes Bill to Expand Consumer Protection Law 

On March 13, New York Attorney General Letitia James announced the introduction of the Fostering Affordability and Integrity through Reasonable Business Practices Act (FAIR Business Practices Act). The proposed legislation...more

Troutman Pepper Locke

Troutman Pepper Weekly Consumer Financial Services Newsletter- October 2024 # 4

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To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week...more

Spilman Thomas & Battle, PLLC

The Academic Advisor - Education Law Insights, Issue 3, March 2023

Department of Education’s New Guidance on Personal Liability Requirements Leaves Uncertainty for Institutions - On March 1, 2023, the U.S. Department of Education (“DOE”) released guidance related to the instances in which...more

Spilman Thomas & Battle, PLLC

The Academic Advisor - Education Law Insights, Issue 7, December 2022

Welcome to our 7th and final edition of The Academic Advisor for 2022 - our e-newsletter focused on education law insights. In this issue, we discuss the academic strike occurring at the University of California and how...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 43

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Outlook for This Week in the Nation’s Capital - Congress. The House and Senate will return to DC this week for the lame duck session of the 117th Congress with continued funding of the government as the top priority. Current...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 41

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Outlook for This Week in the Nation’s Capital - Congress. The House and Senate are both out of session for the last week before the election. Debt Limit. According to the Bipartisan Policy Center, the U.S. won’t reach its...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 39

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Outlook for This Week in the Nation’s Capital - Congress.  Congress is in recess to campaign for the upcoming midterms. Senate Majority Whip Dick Durbin (D-IL) on Wednesday said the Senate will focus on judicial nominations...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 38

Clark Hill PLC on

Outlook for This Week in the Nation’s Capital - Congress. Congress is in recess until November. The January 6th Committee will hold a public hearing on Thursday afternoon. Many expect the Committee to release an interim...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 35

Clark Hill PLC on

Outlook for This Week in the Nation’s Capital - Congress. The House and Senate are both in session this week. Senate Majority Leader Chuck Schumer (D-NY) filed cloture last week on the Kigali amendment to the Montreal...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 34

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Outlook for This Week in the Nation’s Capital - Congress.  Both the House and Senate are in session this week. The Senate has several lingering priorities in addition to confirmation votes, including a promised vote on...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 33

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Outlook for This Week in the Nation’s Capital - Congress. The Senate returns from its August recess today. While the House is in recess until next week, several committees will hold remote hearings. In September, Congress...more

Brownstein Hyatt Farber Schreck

Breaking Down Biden's Student Debt Relief Plan

On Wednesday, Aug. 24, President Biden announced a three-part plan to provide student loan debt relief to tens of millions of Americans. The student loan debt relief plan includes the following components: (1) a final...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 32

Clark Hill PLC on

Outlook for This Week in the Nation’s Capital - Congress. The House and Senate are both in recess until Labor Day. Once they return, they will have a packed to-do list ahead of the November elections, which may include...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 23

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Outlook for This Week in the Nation’s Capital - Congress. The House and Senate are in session this week. The House will vote on numerous bills this week, including the Ocean Shipping Reform Act, legislation to lower food and...more

BCLP

Senate Considers Bankruptcy Code Changes to Tackle Student Debt Crisis - and to Make Some Colleges Pay for It

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As of May 2021, approximately 45 million Americans owe more than $1.7 trillion in student loan debt. For the arithmetically challenged, that means the average borrower has $38,000 in student loan debt....more

Epiq

The Future of Student Loans and Bankruptcy – Is There a Bubble Waiting to Burst?

Epiq on

In March 2021, the U.S. Department of Education noted that student loan borrowers owed $1.6 trillion federal and private loans. For many, loans are the only option to attend a U.S. university or college for undergraduate,...more

Fox Rothschild LLP

Sue-Happy Bill Targeting Student Loan Servicers Introduced In Texas Senate

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Texas’s status as one of the nation’s most “business-friendly” states remains under threat as policymakers grapple with the fallout of a polarizing presidency and shifting demographics. There is no better example than the...more

Amundsen Davis LLC

Congress Pushes Bankruptcy Aid For Those Suffering Financially From COVID-19

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Democratic senators have revived a bill aimed at providing an easier path into bankruptcy for Americans suffering financial hardship stemming from COVID-19. The Medical Bankruptcy Fairness Act (the “Proposed Act”) has been...more

Spilman Thomas & Battle, PLLC

COVID-19 WATCH LIST – Senators Warren and Brown Propose Pausing All Debt Payments

Sen. Elizabeth Warren (D-Mass.) and Sen. Sherrod Brown (D-Ohio) have released a proposal calling on Congress to provide additional protections for consumers during the COVID-19 pandemic. Their proposal notes that an...more

Troutman Pepper Locke

Legislation Proposed to Allow Employers to Make Matching Contributions on Student Loan Repayments

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Two bills have been introduced in the Senate that would allow employers to make matching contributions under 401(k), 403(b), governmental 457(b) and SIMPLE plans as if the participant’s student loan payments were salary...more

Ballard Spahr LLP

Bipartisan bill introduced to create legal framework for income share agreements

Ballard Spahr LLP on

A bipartisan group of U.S. Senators have introduced the “ISA Student Protection Act of 2019” that would create a legal framework for income share agreements (ISA) offered to students. ...more

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