From today’s Mondaq News Online: On September 7, 2021, the CFPB announced that it had entered into a consent order with an education finance nonprofit (“nonprofit”) in connection with the nonprofit’s offering…
From today’s New York Times: When Albert Paul Cruz opened a letter from the Education Department last month, he saw the words he’d been waiting for: “We approved your claim.” The government…
From today’s Philadelphia Inquirer: So far this year, more than 1,000 student borrowers have complained to the Consumer Financial Protection Bureau (CFPB) in Washington about the practices of an obscure…
From today’s CNN News: A federal judge ruled that the Betsy Devos-led Department of Education improperly delayed implementing a rule to give some student loan borrowers relief. U.S. District Judge Randolph…
From today’s NPR News: The federal official in charge of protecting student borrowers from predatory lending practices has stepped down. In a scathing resignation letter, Seth Frotman, who until now was…
From today’s Washington Post: The Trump administration plans to roll back another major Obama-era rule that was created to police the for-profit college industry, according to a proposal issued by the…
From today’s New York Times: Education Secretary Betsy DeVos proposed on Wednesday to curtail Obama administration loan forgiveness rules for students defrauded by for-profit colleges, requiring that student borrowers show they…
From today’s New York Times: Although an American college degree remains a good investment on average — the higher earnings for most graduates justify the cost— millions of borrowers are in default on their loans.…
From today’s LA Times: State treasurer and gubernatorial hopeful John Chiang is wading into the increasingly high-profile debate over college affordability with a new push for California to play a role…
From the New York Times by Tara Siegel Bernard: The Consumer Financial Protection Bureau, which has already overcome considerable political resistance, has managed to pack some punches in the last…