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DOE’s Title IV funds disbursement proposal too restrictive to benefit students

  • Bryan Cave LLP
  • -
  • USA
  • -
  • April 7 2014

The Department of Education (DOE) recently released a first draft of proposed changes to 34 CFR Part 668, Subpart K, which regulates management and

OCC issues garnishment guidance

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 4 2014

On April 1, the Office of the Comptroller of the Currency (OCC) issued the "Garnishment of Accounts Containing Federal Benefit Payments" booklet

Last week at the FEC: potential controversy over dormant funds opinion

  • Holland & Knight LLP
  • -
  • USA
  • -
  • March 31 2014

Last week the Federal Election Commission did not meet, but released an additional draft Advisory Opinion in AO 2014-01, Solano County Democratic

CFPB sues for-profit education institution alleging predatory lending

  • Manatt Phelps & Phillips LLP
  • -
  • USA
  • -
  • March 28 2014

Analogizing to the "misaligned incentives" found in the mortgage market in the lead-up to the financial crisis, the Consumer Financial Protection

U.S. federal government update: weekly update

  • Manatt Phelps & Phillips LLP
  • -
  • USA
  • -
  • March 21 2014

The House and Senate were both on recess this week. On Tuesday, the U.S. suspended the operations of Syria's U.S. embassy and consulates as the

OFAC issues General License G authorizing certain activity of U.S. depository institutions related to Iranian universities and students

  • Kilpatrick Townsend & Stockton LLP
  • -
  • Iran, USA
  • -
  • March 20 2014

On March 20, 2014, the Department of Treasury's Office of Foreign Assets Control issued Iranian General License G ("GL G"), which primarily

For-profit colleges and the student loan industry should take note of CFPB's recent enforcement action

  • Baker Donelson Bearman Caldwell & Berkowitz PC
  • -
  • USA
  • -
  • March 20 2014

In a recently filed lawsuit, the Consumer Financial Protection Bureau (CFPB) has demonstrated its willingness to assert its authority over both the

Ukraine: a brief primer on sanctions, expropriations and state break-ups

  • Allen & Overy LLP
  • -
  • Russia, Ukraine, United Kingdom, USA
  • -
  • March 19 2014

The purpose of this brief note is to help market participants make contingency plans where the political crisis involving Ukraine results in

Gainful employment rule and student loan debt counseling: a perfect match?

  • Venable LLP
  • -
  • USA
  • -
  • March 19 2014

New regulations that will impose severe requirements on for-profit colleges and career training programs may open the door to an increased need for

New York launches student lending resource center

  • BuckleySandler LLP
  • -
  • USA
  • -
  • March 16 2014

On March 13, the New York DFS launched a new website to provide student borrowers with information about (i) the types of financial aid available