Education Law, Commercial Law & Contracts

CFPB Issues Report, Holds Field Hearing On Student Loan Relief Policy Options

by BuckleySandler LLP on 5/14/2013

On May 8, the CFPB issued a report regarding student loan affordability and related policy issues. The report summarizes and analyzes public responses to the CFPB’s request for information and discusses policy options for...more

CFPB issues report on student loan affordability

by John L. Culhane, Jr. | Ballard Spahr LLP on 5/13/2013

As we predicted at last week’s meeting of the National Council of Higher Education Resources’ Private Student Loan Committee, the CFPB field hearing held last Wednesday in Miami was devoted to student loan affordability. In...more

Bankruptcy May Become a Way Out of Student Loan Debt

by Michele Bowman | Lawyers.com on 5/8/2013

While students get breaks on their loans in some ways, filing bankruptcy has never been one of them. But if a federal appellate opinion and action in Congress are any indicators, that could be changing....more

Alabama Legislative Update – Week 12: Gun Bills, Budgets and Medicaid

by Denise Killebrew, Dennis Nabors | Baker, Donelson, Bearman, Caldwell &... on 5/7/2013

Last week, legislators turned their attention to the weightiest and most controversial issues, including debate and passage of several gun bills. Now, with only three legislative days remaining, both budgets will take...more

CFPB Announces Field Hearing On Student Loan Issues

by BuckleySandler LLP on 4/29/2013

On April 18, the CFPB announced a field hearing about student loan issues, to be held in Miami-Dade County on May 8, 2013. The CFPB has not yet announced witnesses but has stated the event will feature remarks from CFPB...more

Student Loans: Nondischargeability Questioned in Seventh Circuit and Beyond

by Adam McNeile | Sheppard Mullin Richter & Hampton LLP on 4/26/2013

Conventional wisdom says that it is nearly impossible to obtain a discharge of student loan debt in bankruptcy. Indeed, Section 523(a)(8) expressly excepts student loans from discharge, unless the exception of such...more

Ninth Circuit Enforces Student Loan Arbitration Agreement

by BuckleySandler LLP on 4/24/2013

On April 11, the U.S. Court of Appeals for the Ninth Circuit, sitting en banc, held that a national bank could compel arbitration of a dispute involving student loans. Kilgore v. KeyBank, Nat’l Ass’n, No. 09-16703, 2013 WL...more

CFPB to hold student loan field hearing on May 8

by John L. Culhane, Jr. | Ballard Spahr LLP on 4/22/2013

UniversityThe CFPB has announced that on May 8, 2013, it will hold a field hearing in Miami-Dade County, Florida on student loan borrowers. CFPB Director Richard Cordray will be giving remarks at the event....more

CFPB Announces Major Update To Consumer Complaint Database

by BuckleySandler LLP on 4/8/2013

On March 28, the CFPB released tens of thousands of consumer complaints related to mortgages, student loans, bank accounts and services, other consumer loans, and credit cards. Credit reporting complaints, will be released in...more

Banking & Financial Services E-Note - March 28, 2013

by Jason Beckham, Rachel Cash, Benjamin Coulter, David Elliott, Jacquelyn Hutzell, Joseph King, Mignon Lunsford, Zachary Miller, Kristin Peters, Ed Snow, Adam Sonenshine, Frank Springfield, more +Jordan Teague | Burr & Forman on 4/3/2013

In This Issue: - Global Banking Group Calls for Several Rates to Replace Libor - U.S. Applies Money-Laundering Rules to "Virtual Currencies" - SEC Says Big Banks Don't Have to Hold Shareholder Break-Up Votes -...more

CFPB Proposes Rule to Supervise Largest Nonbank Student Loan Servicers

by Michael Mallow, Michael Thurman | Loeb & Loeb LLP on 3/27/2013

The Consumer Financial Protection Bureau has announced its intention to oversee the nation's largest nonbank loan servicers, which service more than one million accounts each year, in the higher education loan market. While...more

CFPB Proposed Rule for Nonbank Student Loan Servicers

by Orrick - Structured Finance Group on 3/27/2013

On March 14, the CFPB proposed a rule that would allow it to federally supervise certain nonbank student loan servicers. ...more

Financial Services Bulletin: CFPB Proposes Student Loan Rule

by Perkins Coie on 3/21/2013

On Thursday, March 14, 2013, the Consumer Financial Protection Bureau (the "CFPB") propoed, pursuant to Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a rule that would identify a market for student...more

Service of Subpoenas on Syracuse University Seeking Evidence of Sexual Molestation is a “Claim” Giving Rise to Covered Defense...

by Richard Mason | Cozen O'Connor on 3/21/2013

In Syracuse University v. National Union Fire Insurance of Pittsburgh, PA, No. 2012EF 63 (Sup. Ct., Onondaga County, January 29, 2013), the New York Supreme Court, County of Onondaga, held that an insured’s costs incurred in...more

Government Relations Alert: Adjusting For A Reduced Shortfall, Governor Dayton's Revised Budget Excludes Sales Tax Overhaul

by Leonard, Street and Deinard on 3/15/2013

Governor Dayton yesterday unveiled his revised budget for fiscal years 2014-2015. With Minnesota Management & Budget (MMB) recently projecting the FY 2014-15 shortfall at $627 million, down from last November's estimate of...more

CFPB proposes supervision of nonbank private and federal student loan servicers

by John L. Culhane, Jr. | Ballard Spahr LLP on 3/15/2013

The CFPB has issued a proposal to supervise nonbank student loan servicers who qualify as “larger participants” in the student loan servicing market. The CFPB already supervises student loan servicing by larger banks. It also...more

CFPB Digest – March 2013

by Suzanne Fay Garwood, Audra J. Heagney, Alexandra Megaris, Jonathan L. Pompan, Andrew D. Price, Jeffrey S. Tenenbaum | Venable LLP on 3/14/2013

In this issue: - What to Expect When You're Under a CFPB Investigation – Negotiating the Scope of the CID - CFPB Initiative to Promote Student Loan Payment Plans - Consumer Complaints Offer Insight into...more

Supreme Court Offers No Guidance On Student Loan Undue Hardship Test

by Harold Shepley & Associates, LLC on 3/12/2013

After receiving a general release from his debts under Chapter 7 bankruptcy, Roger Traversa filed for release from his $60,000 student loan debt, claiming that it would be an undue hardship for him to repay. Traversa...more

Weekly Brief: 78% of Law Schools Ignore ABA Rule [Video]

by Bloomberg Law on 3/7/2013

March 7 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia runs through the legal news for the week. New testimony at the BP oil spill trial in New Orleans focuses on a key safety test taken shortly before the accident. Also,...more

The Sunshine Physician Payment Final Rule Overview and Analysis

by Nancy Bonifant, Elizabeth Carder-Thompson, Katie Pawlitz | Reed Smith on 3/6/2013

On February 1, 2013, the Centers for Medicare & Medicaid Services (CMS) of the Department of Health and Human Services (HHS) released the long-awaited Final Rule (Rule) to implement the “Sunshine” provisions of the Affordable...more

Arbitrator’s Decision Reinstating Paraprofessional Accorded Significant Deference By Illinois Supreme Court

by Kendra Berner | Franczek Radelet P.C. on 3/6/2013

In Griggsville-Perry Community Unit School District No. 4 v. Illinois Educational Labor Relations Board, the Illinois Supreme Court recently reaffirmed the significant deference given to arbitration awards arising out of...more

Charter Schools: Leasing a surplus building from the District of Columbia

by Real Estate Counselors, PLLC on 3/5/2013

The District of Columbia has a special program to lease surplus buildings to Charter Schools. Read Roberta Colton's article to find out the details. and best practices....more

Nowadays a Practicing Lawyer’s First Serious Exposure to Critical Unjust Enrichment Doctrine is Likely to be After Law School, Too...

by Charles E. Rounds, Jr. on 3/1/2013

This modified excerpt from Loring and Rounds: A Trustee’s Handbook (2013) is a primer on the wrong of Unjust Enrichment and its principal remedy, Restitution. Unjust enrichment doctrine is very much alive and well in the real...more

Seventh Circuit Dismisses Terminated Principal’s First Amendment Rights Case

by Julie Heuberger Yura | Franczek Radelet P.C. on 2/22/2013

In Julie McArdle v. Peoria School District No. 50, the Seventh Circuit upheld a lower court’s dismissal of a terminated school principal’s First Amendment and contract claims against a school district. The principal alleged...more

Here Comes the Sun: Final Rules Implementing the Federal Sunshine Law

by Ropes & Gray LLP on 2/20/2013

On February 1, 2013, the Centers for Medicare & Medicaid Services (CMS) released the long-awaited final rule implementing the Federal Sunshine Law (42 U.S.C. 1320a-7h). (The rule was subsequently published in the Federal...more

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Education Law › Commercial Law & Contracts

CFPB Issues Report, Holds Field Hearing On Student Loan Relief Policy Options

CFPB issues report on student loan affordability

Bankruptcy May Become a Way Out of Student Loan Debt

Alabama Legislative Update – Week 12: Gun Bills, Budgets and Medicaid

CFPB Announces Field Hearing On Student Loan Issues

Student Loans: Nondischargeability Questioned in Seventh Circuit and Beyond

Ninth Circuit Enforces Student Loan Arbitration Agreement

CFPB to hold student loan field hearing on May 8

CFPB Announces Major Update To Consumer Complaint Database

Banking & Financial Services E-Note - March 28, 2013

CFPB Proposes Rule to Supervise Largest Nonbank Student Loan Servicers

CFPB Proposed Rule for Nonbank Student Loan Servicers

Financial Services Bulletin: CFPB Proposes Student Loan Rule

Service of Subpoenas on Syracuse University Seeking Evidence of Sexual Molestation is a “Claim” Giving Rise to Covered Defense...

Government Relations Alert: Adjusting For A Reduced Shortfall, Governor Dayton's Revised Budget Excludes Sales Tax Overhaul

CFPB proposes supervision of nonbank private and federal student loan servicers

CFPB Digest – March 2013

Supreme Court Offers No Guidance On Student Loan Undue Hardship Test

Weekly Brief: 78% of Law Schools Ignore ABA Rule [Video]

The Sunshine Physician Payment Final Rule Overview and Analysis

Arbitrator’s Decision Reinstating Paraprofessional Accorded Significant Deference By Illinois Supreme Court

Charter Schools: Leasing a surplus building from the District of Columbia

Nowadays a Practicing Lawyer’s First Serious Exposure to Critical Unjust Enrichment Doctrine is Likely to be After Law School, Too...

Seventh Circuit Dismisses Terminated Principal’s First Amendment Rights Case

Here Comes the Sun: Final Rules Implementing the Federal Sunshine Law

Weekly Brief: 78% of Law Schools Ignore ABA Rule [Video]

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