the Consumer Financial Services Group
Student loans were recently in the spotlight with the launch
by the Consumer Financial Protection Bureau (CFPB) of a new "Know Before You
Owe" project and online tool, and the Obama administration's announcement of
proposed federal rule changes...
by Troutman Sanders CFPB Team
On November 16, 2011, the Consumer Financial Protection
Bureau (CFPB) announced
the next step in its student loan initiative with its Notice
and Request for Information Regarding Private Education Loans and Private
Educational Lenders . Pursuant to the Dodd-Frank Wall...
SEATTLE - (Mealey's) Student loan borrowers and a
subsidiary of SLM Corp. on Sep. 17 agreed to settle claims that the subsidiary
violated the Telephone Consumer Protection Act (TCPA) by making a number of
non-emergency autodialed calls and/or automated text messages to the borrowers'
The Consumer Financial Protection Bureau has issued a proposal
to supervise nonbank servicers of private and federal student loans who qualify
as "larger participants" in the student loan servicing market. Comments on the
proposal will be due 60 days after its publication in the Federal...