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Student loan update: Borrowers may get millions after alleged failures
Newsweek· 3 days agoThe CFPB accused the National Collegiate Student Loan Trust (NCSLT), a group of 15 securitization...
CFPB Alleges Organizations Ignored Student Loan Borrowers’ Payment Relief Requests
PYMNTS.com· 7 days agoThe Consumer Financial Protection Bureau (CFPB) has filed a complaint against the National...
CFPB Files Complaint and Proposed Final Judgments...Education Assistance Agency and National...
JD Supra· 3 days agoOn May 6, 2024, the Consumer Financial Protection Bureau (CFPB) announced that it filed a complaint and two proposed stipulated final judgments to resolve its claims against ...
Student Loan Borrowers May Get $3 Million In Compensation For Servicing Failures
Forbes· 6 days agoThe Consumer Financial Protection Bureau, an independent federal agency that oversees the financial...
Miguel Cardona in the Hot Seat: 4 Takeaways From a Contentious House Hearing
Education Week· 6 days agoHouse of Representatives hearing with Secretary of Education...2025 budget proposal, particularly to...
Fisker Ocean faces another preliminary probe over braking issues
Teslarati· 18 hours agoSafety regulators in the U.S. have opened an investigation into Fisker’s Ocean electric vehicle (EV), following fresh complaints of a braking issue that has caused some vehicles ...
Troutman Pepper Weekly Consumer Financial Services Newsletter - May 2024 | JD Supra
JD Supra· 5 days agoOn May 1, President Biden announced that he was approving $6.1 billion in student debt cancellation for 317,000 borrowers who attended the Art Institutes. On April 30, the ...
Trump’s ‘Apprentice’ veepstakes: TV hits, fundraising and attacking Biden
Politico via Yahoo News· 6 days agoThe representative has filed several ethics complaints targeting prosecutors overseeing the cases. The Trump team also has its eye on two other up-and-coming Republicans..
Third Circuit Holds Securitization Trusts Are “Covered Persons” Under CFPA | JD Supra
JD Supra· 6 days agoA long-awaited Third Circuit decision held that securitization trusts holding student loans are “covered persons” subject to the CFPB’s enforcement and investigative powers because they “engage ...
CT legislature passes bill to bolster attorney general's consumer protection powers
The News-Times· 4 days agoThe General Assembly has passed a bill that would strengthen the Connecticut attorney general’s...