CFPB Announces Examinations of In-House College Lending

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The bureau is updating its supervisory exam procedures for private education loans. 01/24/2022 2:30 P.M. 2 minute read The Consumer Financial Protection Bureau will begin examining the operations of post-secondary schools, such as for-profit colleges, that extend private loans directly to students, according to a Jan. 20 news release. The bureau’s exam procedures will include […]

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Navient Announces Agreements with State Attorneys General

 

The agreements include canceling some student loan balances and a payment to reimburse states for their costs. 01/17/2022 2:45 P.M. 3 minute read Navient announced last week that it has reached agreements with state attorneys general to resolve their previously disclosed multistate litigation and investigations, according to a news release from the company. “The company’s […]

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Department of Education Extends Student Loan Forbearance

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Student loan payments will now be on hold until May 1, 2022, due to ongoing impacts of the COVID-19 pandemic. 12/22/2021 1 P.M. 3 minute read The U.S. Department of Education (DOE) and the Biden administration extended student loan forbearance and interest until May 1, 2022. As COVID-19 cases increase, members of Congress called for […]

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ACA’s End-of-Year Advocacy Focuses on Bipartisan Efforts

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Members and leadership recently attended meetings with several legislators as ACA prepares for 2022 and legislative and regulatory changes during the second half of the 117th Congress and at the state level. Editor’s note: This article is available for members only. 12/21/2021 2:00 PM 5 minute read ACA International’s advocacy staff and members continue to […]

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CFPB v. National Collegiate Master Student Loan Trust: Court Finds Loan Trust Liable for Actions of Servicers

 

A California district court dismissed a consumer’s TCPA claims but allowed his FDCPA and RFDCPA claims to proceed because he had sufficient alleged that the defendant was a debt collector. 12/20/2021 4 P.M. Consumer Financial Protection Bureau v. National Collegiate Master Student Loan Trust, No. 1:17-CV-1323-SB, 2021 WL 5936404 (D. Del. Dec. 13, 2021) By […]

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Lawmakers Call for Extension of Student Loan Forbearance

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Ongoing pandemic and new variant cited as reasons for more student loan relief in 2022, when federal student loan payments and interest are set to resume. 12/9/2021 8 A.M. 2 minute read Federal student loan payments are set to resume in February after nearly two years on hold during the COVID-19 pandemic, but members of […]

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