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Cozen O'Connor | USA | 20 Sep 2023
Quick Guide: Action By MN AG Ellison Could Ripple Through Debt Servicing Industry
Student loans are frequently in the news, particularly with federal loan payments restarting next month. Chris Allen and Keturah Taylor take a dive…
Cozen O'Connor | USA | 14 Sep 2023
Minnesota AG Opens Investigation into Student Loan Debt Relief Companies
Minnesota AG Keith Ellison has opened investigations into 52 student-loan debt-relief companies suspected of violating the State’s consumer…
McDermott Will & Emery | USA | 12 Sep 2023
SECURE 2.0: The Impacts of Employer Matching for Student Loan Payments
Following the Supreme Court’s rejection of substantial portions of the Biden Administration’s plans for student loan debt relief and with the end of…
Cozen O'Connor | USA | 7 Sep 2023
U.S. Department of Education Discharges Student Loans for Victims of Alleged Ashford University Deceit
The U.S. Department of Education (DOE) approved $72 million in borrower defense to repayment discharges for students of online for-profit school…
Orrick, Herrington & Sutcliffe LLP | USA | 28 Jul 2023
DOE recognizes states’ role in investigating student loan servicers
On July 24, the Department of Education (DOE) issued a final interpretation to clarify that the Higher Education Act (HEA) preempts state laws and…
Orrick, Herrington & Sutcliffe LLP | USA | 14 Jul 2023
District Court orders individual to pay $148 million in student debt-relief scam
On July 7, the U.S. District Court for the Central District of California entered a final judgment and order against an individual defendant accused…
Cozen O'Connor | USA | 6 Jul 2023
Student Loan Scams May Increase in Wake of Biden v. Nebraska
South Carolina AG Alan Wilson and the FCC’s Robocall Response Team are warning consumers about a potential rise in student loan debt scam robocalls…
Orrick, Herrington & Sutcliffe LLP | USA | 30 Jun 2023
Nevada to regulate student loan servicers and lenders
On June 14, the Nevada governor signed AB 332 (the “Act”) which provides for the licensing and regulation of student loan servicers. The Act also…
Mayer Brown | USA | 30 Jun 2023
Supreme Court Strikes Down Biden Administration’s Student Loan Debt-Forgiveness Plan
Today, the Supreme Court held in a 6-3 decision that the Secretary of Education lacked the authority to cancel billions of dollars in student loan…
Orrick, Herrington & Sutcliffe LLP | USA | 20 Jun 2023
Colorado bill amends private student loan provisions
On June 5, the Colorado governor signed SB 23-248 (the “Act”), which addresses consumer protection in certain credit transactions. Among other things…
