Legislation on student loan repayment and higher education policy is surfacing on Capitol Hill as student loan interest and payments are set to resume this fall for borrowers.
On July 12, the CFPB and the State of Maine filed an amicus brief in the Maine Supreme Judicial Court arguing that determining whether a loan is covered by TILA requires an assessment of the borrower’s primary purpose in entering into the transaction.
The cost of getting a college education in the U.S. has been trending upwards for the last two decades. But once you factor in record-setting inflation and a spike in the cost of living, what was once a stretch for many middle-class Americans has now become a breaking point.
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) joined with several state attorneys general and a state regulator to take action against Prehired for deceptive marketing and debt collection practices.
The Department of Education (Department) today will begin notifying more than 804,000 borrowers that they have a total of $39 billion in Federal student loans that will be automatically discharged in the coming weeks.
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