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...
by Chais L. Sweat
In its continuing effort to ramp up oversight of student loans, on January 30, 2014, the CFPB announced the opening of a new online student complaint system specifically for servicemembers, veterans, and their families to report negative experiences at education institutions and...
by Zafreen J. Husain
On February 26, 2014, the Consumer Financial Protection Bureau (CFPB) filed a four-count complaint in the U.S. District Court for the Southern District of Indiana against for-profit college chain, ITT Educational Services, Inc. (ITT), alleging that ITT engaged in predatory student...
by M. Catherine Wilcox
The Consumer Financial Protection Bureau (CFPB) recently released a report on student loan complaints. Specifically, the report highlights complaints concerning co-signer issues on student loans. Many private student lenders advertised that their loans contained an option to...
by Karen L. Courtheoux
This week, the Consumer Financial Protection Bureau (CFPB) reaffirmed its focus on the problem of intractable student loan debt. On October 16, 2014, the CFPB Student Loan Ombudsman released his Annual Report , which described the number and nature of student loan complaints...