Category Student Loans

Student Lending a Top CFPB Priority

Richard Cordray, Director of the Consumer Financial Protection Bureau (“CFPB”) recently presented a new tool for students seeking to finance education costs. The CFPB has targeted student lending as a regulatory priority, which is second only to mortgages in the rankings of debt categories. Mr. Cordray offered his prepared remarks at the Boulder Summer Conference […]

Student Loan Landscape Change Effective March 1, 2014

The Consumer Financial Protection Bureau (“CFPB”) will begin supervising “larger participants” in the student loan servicing market effective March 1. In December 2013, the CFPB issued its final rule regarding supervision of “larger participants,” which are defined to include an account volume of greater than $1 million.  Account volume is tied to the number of […]