News & Analysis as of

State and Local Government Student Loans

Orrick, Herrington & Sutcliffe LLP

Student lender petitions U.S. Supreme Court to review 10th Circuit’s “arm of the state” ruling

Recently, a petition for a writ of certiorari was presented to the U.S. Supreme Court by a Missouri-based student lender seeking review of a decision by the U.S. Court of Appeals for the Tenth Circuit that it does not qualify...more

Snell & Wilmer

Trump Signs Order Aimed at the Department of Education – Potential Impacts on Schools, Students, and the Future of Federal...

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On March 20, 2025, President Donald Trump signed an executive order initiating the process to dismantle the U.S. Department of Education (DOE) — a historic move that could fundamentally reshape oversight of education in the...more

Parker Poe Adams & Bernstein LLP

Impacts on K-12 and Higher Education After Trump Signs Executive Order Aimed at Eliminating the Department of Education

In a move aimed at delivering on one of his most ambitious campaign promises, President Donald Trump signed an executive order on Thursday to eliminate the U.S. Department of Education (DOE) and shift authority over education...more

Orrick, Herrington & Sutcliffe LLP

Colorado bill amends private student loan provisions

On June 5, the Colorado governor signed SB 23-248 (the “Act”), which addresses consumer protection in certain credit transactions. Among other things, the bill amends, repeals, and adds sections around lender nomenclature in...more

Foley Hoag LLP - White Collar Law &...

Andrea Campbell’s First Month in Office: A Review of the Attorney General’s Priorities

This is the seventh part in our 2023 series examining important trends in white collar law and investigations. Up next: crypto enforcement. 2023 promises historic change for the Office of the Massachusetts Attorney General...more

McGuireWoods Consulting

NC Politics in the News - October 2022

Agriculture - THE CENTER SQUARE: North Carolina lawmakers hold hearing about right-to-repair issues with farm equipment - Farm equipment dealers, farmers, lawmakers and others testified on Wednesday about various...more

Ballard Spahr LLP

Kentucky enacts licensing requirement for servicers of private and federal student loans

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Kentucky recently enacted HB 494, titled the “Student Education Loan Servicing, Licensing, and Protection Act of 2022,” which will require student education loan servicers to be licensed in Kentucky.  The Act applies to...more

Littler

Peach State Garnishment Update – 2021 Changes

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Effective January 1, 2021, several key components of Georgia’s existing garnishment code were amended. Who Can Be Served? Plaintiff-creditors may now serve garnishments on a defendant-debtor’s employer or another...more

Holland & Knight LLP

California Legislative Roundup 2020: Financial Services

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Notwithstanding a pandemic-induced winnowing of legislative priorities this year, California has passed a handful of new bills to regulate discrete areas of the financial services industry, including student loan servicing,...more

Ballard Spahr LLP

Illinois Publishes Proposed Student Loan Servicing Rules

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The Illinois Department of Financial and Professional Regulation (IDFPR) published a notice of proposed rules implementing the Student Loan Servicing Act in the July 10, 2020 issue of the Illinois Register. Written comments...more

White & Case LLP

COVID-19 Response: US Financial Services Regulatory: U.S. State/Local (Updated April 24, 2020)

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In response to the global COVID-19 crisis, US financial regulators at the state level are taking important actions that affect US and non-US financial institutions, other financial services providers, consumers, and the US...more

Hudson Cook, LLP

Debt Collection Challenges Amid the Coronavirus (COVID-19)

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A recent poll taken since the coronavirus outbreak paints a grim picture of American household finances: Almost two-thirds of respondents (64%) anticipate that lost wages due to the pandemic will yield at least a $500...more

Akin Gump Strauss Hauer & Feld LLP

CARES Act Summary – Employees, Unemployment Insurance, and Assistance to State and Local Governments

Assistance to State, Local and Tribal Governments - The CARES Act establishes a $150 billion “Coronavirus Relief Fund” for state, local and tribal governments to use to cover any costs related to COVID-19 that had not...more

Seyfarth Shaw LLP

Summary of Federal and State Governmental Developments Pertaining to Loan Forbearance and Lease Enforcement in Response to...

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Since March 13, 2020, the U.S. has been operating under a declared state of emergency in response to the spread of COVID-19, with many state and local governments issuing their own emergency rules and regulations designed to...more

Seyfarth Shaw LLP

A Recap of Federal Loan Program Developments Affecting Commercial Real Estate

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This week saw a plethora of activity to support federally related loan programs affecting commercial real estate. Below is a summary of the applicable guidance, announcements and proposed laws....more

Ballard Spahr LLP

Colorado Issues Student Loan Servicer License Applications

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The Colorado Attorney General’s Office recently published licensing applications for entities that are engaged in servicing student loans owed by Colorado residents....more

Ballard Spahr LLP

Illinois enacts law to fund income share agreements; distinguishes them from loans

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Illinois’ Democratic legislature recently passed, and its progressive Democratic Governor, J.B. Pritzker, recently signed into law, the Student Investment Account Act, which establishes a Student Investment Account to be...more

Cozen O'Connor

The State AG Report Weekly Update October 2019 #2

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Charities- New York Attorney General Sues Online Fundraising Platform Over Alleged Failure to Distribute Charitable Contributions- New York AG Letitia James filed a lawsuit against NYCharities.org and a related...more

Ballard Spahr LLP

New Jersey Attorney General Leads Actions Against the U.S. Department of Education for Restricting Information Sharing with State...

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Last week, New Jersey Attorney General Gurbir Grewal took the lead in pursing two actions against the U.S. Department of Education related to the Department’s alleged refusals to cooperate with state investigations of student...more

Ballard Spahr LLP

Washington Proposes Amendments to Student Loan Servicing Rules

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The Washington State Department of Financial Institution (DFI) has published proposed revisions to its student loan servicer regulations. This proposal would amend rules that went into effect earlier this year pursuant to...more

Alston & Bird

New Jersey Joins Other States Regulating Student Loan Servicers

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A&B Abstract - New Jersey recently enacted its own version of a Student Loan Bill of Rights, which requires the licensing of any person acting “directly or indirectly” as a student loan servicer. ...more

Ballard Spahr LLP

New Jersey enacts licensing and other requirements for student loan servicers

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On July 30, 2019, Acting New Jersey Governor Sheila Oliver signed into law SB 1149, which requires student loan servicers to be licensed, creates an Office of the Student Loan Ombudsman within the NJ Department of Banking and...more

Hudson Cook, LLP

Regulation of Student Loan Servicers - A Review of 2019 Legislation Enacted in Colorado, Maine, Maryland, and Nevada

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The May 2019 issue of Insights provided high-level background information about the recent trend of state legislation targeting student loan servicers. In the June 2019 issue of Insights, we took a deeper dive into New York's...more

Ballard Spahr LLP

Maine Enacts Student Loan Servicing Law

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We can add Maine to the list of states to have enacted a “Student Loan Bill of Rights” that requires student loan servicers to be licensed. On June 20th, Maine Governor Janet Mills signed into law LD 995, “An Act To Establish...more

Cozen O'Connor

The State AG Report Weekly Update May 2019 #5

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Charities- New York Attorney General Settles With Fraternal Order Over Allegedly Misusing Charitable Funds- New York AG Letitia James reached a settlement with Oneonta Lodge No. 1312 Benevolent Protective Order of Elks,...more

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