Sheila Bair, former FDIC chair and now senior adviser to the Peter G. Peterson Foundation for Student Debt Smarter, covers the differences in financial aid and student loans in an op-ed on Yahoo Finance. Discussions on student loan reform on Capitol Hill continue as the end of student loan payment and interest relief approaches Sept. […]
Advisory opinion outlines Equal Credit Opportunity Act protections for borrowers. The bureau, under the leadership of Director Rohit Chopra, will be “dramatically increasing its issuance of guidance.” 05/16/2022 9:45 A.M. 3.5 minute read The Consumer Financial Protection Bureau issued an advisory opinion on protections under the Equal Credit Opportunity Act last week, a signal that […]
The Federal Housing Finance Agency is updating a 2019 rule on credit scoring, after a congressional directive, that could include additional consumer payment information. As the topic of credit reporting and credit scoring remains front and center at several federal agencies, this change could have regulatory consequences for lenders and also impact consumers, Leah Dempsey, […]
ACA International advocated on student loan servicing changes in a letter to Capitol Hill as discussions on payment forgiveness continue. Editor’s note: This article is available for members only. 05/05/2022 5:30 P.M. 3 minute read Key Takeaways: These broad blanket forgiveness policies the administration is working to implement are not tailored only to those in […]
Legislators ask for more information about the impact of federal student lending on taxpayers. 05/02/2022 12:30 P.M. 2 minute read As debate and discussion about student loan forgiveness continue on Capitol Hill, a group of House Republicans is seeking updates from the Congressional Budget Office (CBO) on the estimated cost of the federal student lending […]
A Maryland district court found the plaintiffs in this case sufficiently alleged that letters sent by a previous debt collector accelerated their debts, thereby bringing the debts outside of the statute of limitations. 04/26/2022 4:00 P.M. 4 minute read Shadrin v. Student Loan Sols. LLC, No. CV CCB-20-3641, 2022 WL 971183 (D. Md. Mar. 31, […]
The prominence of medical billing, credit reporting and student loans in the CFPB’s reports and supervisory actions of late could bring those issues into the limelight in congressional hearings with the CFPB director. ACA is engaging with members of Congress on both sides of the aisle. Editor’s note: This article is available for members only. […]
The changes, which include oversight of loan servicers and tracking income-driven repayment plan procedures, will begin immediately. Borrowers will see the impact later this year, according to the department. 04/21/2022 2:45 P.M. 3.5 minute read The U.S. Department of Education (DOE) is taking “immediate corrective actions” for public service loan and income-driven repayment (IDR) forgiveness, […]
Federal officials have requested student loan servicers hold off on sending borrowers notices about upcoming payment dates effective May 2, according to media reports. 03/16/2022 1:30 P.M. 1 minute read Rumblings about the May 2 end to federal student loan forbearance and discussion of a possible extension are making their way across Capitol Hill, according […]
As the May 2 end to the federal student loan payment moratorium approaches, an independent public policy group found the question of cancelling federal student loan debt yields tough answers. 03/10/2022 1:00 P.M. 2 minute read A new report from the Committee for Responsible Federal Budget shows cancelling the $1.6 trillion in federal student loan […]
This site uses cookies. By continuing to use our site, you are agreeing to our use of cookies. Review our Privacy Policy for more information. You may change your preferences on how cookies are stored by reviewing the settings on your browser.
The content on this site is presented for educational, general reference, and informational purposes only; is not intended to serve as legal or other advice; is not intended to be a full and exhaustive explanation of the law in any area; and should not replace the advice of your own legal counsel. By continuing to use our site, you are agreeing to the legal disclaimers in our Terms of Use. Review our Terms of Use for more information.
Get continued access to ACA International’s wide array of resources, which can help you become more profitable, compliant and successful.
Renew your membership today to take advantage of tools you won’t find anywhere else: