The Consumer Financial Protection Bureau (the “CFPB”) reported in 2012 that U.S. borrowers are burdened by more than $1 trillion in student debt, including over $150 billion of private student loans. According to TransUnion,...more
- BAPCPA CFPB Federal Student Loans Private Student Loan Bankruptcy Fairness Act Private Student Loans Student Loans
The Financial Accounting Standards Board (FASB) recently released an exposure draft (“Exposure Draft”) that proposes a new approach to accelerate the recognition of credit losses (“Proposed Rule”). The FASB perceives delayed...more
- Credit Losses Financial Accounting Standards Board GAAP International Financial Reporting Standards Loans Secured Debt
The U.S. Department of Treasury (Treasury) recently issued a report that reviewed the implementation of Treasury guidelines for streamlining distressed homeowners’ communications with mortgage lenders. The Treasury...more
- Mortgages Servicing Policies Treasury
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