News & Analysis as of

Student Loans Debt Consumer Financial Products

Troutman Pepper Locke

Insights from the CFPB’s Latest Report on Credit Invisibility

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n June 23, the Consumer Financial Protection Bureau (CFPB or Bureau) released an update to its 2015 report on Americans who did not have a credit record (credit invisibles) or who had insufficient credit history to have a...more

Orrick, Herrington & Sutcliffe LLP

New York State enacts law creating its private education debt registry

Recently, New York State signed into law A8913 to create a “private education debt registry” aimed at increasing transparency and allowing policymakers and consumers a complete and accurate view of student debt in New York...more

Troutman Pepper Locke

CFPB Report Highlights Challenges Facing Servicemembers and Veterans, Including Student Loans and Money Transfer/Virtual Currency...

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Yesterday, the Consumer Financial Protection Bureau (CFPB or Burau) released its annual report detailing the financial challenges faced by servicemembers, veterans, and military families. In 2023, this group submitted nearly...more

Shipkevich PLLC

CFPB Issues Bulletin to Warn Student Loan Servicers Who Ignore Bankruptcy Court Orders

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On March 16, 2023, the Consumer Financial Protection Bureau (CFPB) issued a bulletin cautioning loan servicers about their responsibility to stop any illegal activity related to private student loans that have been discharged...more

Frantz Ward LLP

Texas Court Overturns Biden's Student Debt Forgiveness Plan

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A Texas federal court has ruled that President Biden’s student loan forgiveness plan is an “unconstitutional exercise of Congress’s legislative power” and must be vacated. According to District Judge Mark Pittman, because...more

Ballard Spahr LLP

NYDFS creates Student Debt Advisory Board

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The New York Department of Financial Services (NYDFS) has announced the creation of a Student Debt Advisory Board to advise on consumer protection, student financial products or services, and communities that have been...more

Ballard Spahr LLP

Fed launches new article series; first issue focuses on student loans

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The Federal Reserve Board announced last week that it was launching a new article series, Consumer & Community Context, that features original analysis about the financial conditions and experiences of consumers and...more

Ballard Spahr LLP

CFPB Issues Report on Final Student Loan Payments and Broader Household Borrowing

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The Consumer Financial Protection Bureau (CFPB) has issued a new report, Data Point: Final Student Loan Payments and Broader Household Borrowing, which examines repayment patterns for student loans and how borrowers who have...more

Carlton Fields

CFPB Issues Statement Following Reports of Widespread Student Loan Servicing Failures

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The Consumer Financial Protection Bureau (CFPB) recently focused its attention on the student loan industry following alleged widespread servicing failures reported by borrowers and found by the CFPB's examinations and...more

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