Consumer Finance Monitor Podcast Episode: Recent Developments Affecting Student Loan Origination and Servicing
PODCAST: Williams Mullen's Gavels & Gowns - Responding to Borrower Defense to Repayment Applications
Consumer Finance Monitor Podcast Episode: The U.S. Supreme Court’s Decision Invalidating the Biden Administration’s Student Loan Forgiveness Plan and its Potential Legal Repercussions
A Deep Dive into the Debate Over Federal Student Loan Forgiveness
Compliance Perspectives: Changes to Title IX
New Title IX Regulations: A Seismic Shift During a Pandemic (Webinar Recording)
Investigating Sexual Misconduct in High Education: Potential Pitfalls During Title IX Investigations and How to Avoid Them
Congressman: My Plan Would Reduce Student Loan Defaults: Video
In the past week, two U.S. District Court judges have issued preliminary injunctions halting implementation of the recently-released 2024 Title IX final rule....more
On April 19, 2024, the U.S. Department of Education issued its updated final regulations enforcing Title IX of the Education Amendments of 1972 (“Title IX”), 20 U.S.C. §1681 et seq., which will govern sex discrimination...more
A first-of-its-kind executive order issued October 2023 already has the voluntary commitment of several major technology companies — here’s why. Just last week, President Joe Biden signed a new, first-of-its-kind AI...more
A reminder to non-bank financial institutions subject to the Gramm-Leach-Bliley Act (GLBA): the deadline to comply with the Federal Trade Commission's (FTC) revised Standards for Safeguarding Customer Information, commonly...more
The Supreme Court heard arguments on February 28, 2023 in two cases that will decide the future of President Biden's student loan forgiveness plan. The cases, Biden v. Nebraska and U.S. Department of Education v. Brown,...more
On August 24, 2022, the U.S. Department of Education (the Department) announced an extension of the pause on student loan repayment, student debt cancellation, a new income-driven repayment plan, and proposed changes...more
Artificial Intelligence (AI) systems are poised to drastically alter the way businesses and governments operate on a global scale, with significant changes already under way. This technology has manifested itself in multiple...more
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients...more
As spring turns to summer, climate change is on our minds. A new day, a new story about how financial institutions are addressing climate-related risks. In the past few months, six major banks—Bank of America, JPMorgan...more
The Department of Education has announced that it has selected former CFPB Director Richard Cordray as the Chief Operating Officer of Federal Student Aid. In addition to having served as CFPB Director, Mr. Cordray formerly...more
The U.S. Department of Education (Department) recently forgave nearly $1 billion in student loan debt for those who were defrauded by their schools into taking out loans. The relief was granted under the Borrower Defense to...more
COVID-19- Attorney General to Congress: Let States Help Battle COVID-19-Related Medicaid Scams- •Citing the growing number of COVID-19-related scams, Kansas AG Derek Schmidt urged Congress to expand the authority of states...more
Amidst multiple investigations into the privacy and security practices at Zoom Video Communications (“Zoom”), New York Attorney General Letitia James recently announced a settlement agreement with Zoom after the failings of...more
On February 28, 2020, the U.S. Department of Education (ED) issued an electronic announcement regarding its enforcement of cybersecurity requirements under the Gramm-Leach Bliley Act (GLBA). As described in more detail below,...more
More than eleven years have passed since the U.S. Department of Health and Human Services (HHS), the agency responsible for the privacy of protected health information under HIPAA, and the U.S. Department of Education (DOE),...more
Consumer Protection- Tennessee Attorney General Settles with Cigarette Manufacturer Over Alleged Sales of Contraband Cigarettes- Tennessee AG Herbert Slatery III reached a settlement with cigarette manufacturer Xcaliber...more
Charities- New York Attorney General Settles With Fraternal Order Over Allegedly Misusing Charitable Funds- New York AG Letitia James reached a settlement with Oneonta Lodge No. 1312 Benevolent Protective Order of Elks,...more
In 2018, the CFPB shifted away from student lending supervision and enforcement. We anticipate this trend to continue in the year to come, with states seeking to fill any voids left by the Bureau....more
Outlook for This Week in the Nation's Capital - Partial Government Shutdown Grinds into 5th Week: The effects of the partial shutdown continue to grow in Washington and elsewhere with Federal contractors and civil servants...more
The #MeToo movement gained national prominence in October 2017 with the swift dismantling of Harvey Weinstein. During the 2017 holiday season, the nation was treated to a twisted advent calendar of rich and powerful men...more
The Department of Education has issued a proposal that would rescind the “Borrower Defense” final rule issued by the ED in November 2016 and replace it with the “Institutional Accountability regulations” contained in the...more
Outlook for This Week in the Nation's Capital - Senate Floor. The Senate is schedule to finish its work this evening on the minibus appropriations bill, a three-bill spending package that includes Energy and Water...more
Short-term Continuing Resolution Likely Needed to Fund Government Past December Deadline: Republicans are focused on tax reform through Thanksgiving, and when lawmakers return from the upcoming holiday recess, they will have...more
House Narrowly Passes 2018 Budget Resolution: The House passed the Senate’s version of the budget resolution by a vote of 216-212 allowing Republicans to begin their work on tax reform. The budget resolution calls for...more
Senate Adopts Budget Resolution Making Way for Tax Reform: The Senate on a party-line vote of 51-49 adopted its FY18 budget resolution that includes $5.1 trillion in spending reductions and instruction for reconciliation for...more