News & Analysis as of

Student Loans Nonbank Firms

Hudson Cook, LLP

CFPB Bites of the Month - January 2024 - A Hazy Shade of Winter With the CFPB

Hudson Cook, LLP on

In this month's article, we share some of our top "bites" for the prior and current month covered during the January 2024 webinar....more

Morrison & Foerster LLP

Higher One, Inc. Enforcement Actions Remind Nonbank Service Providers of Their Legal Obligations When Partnering With Banks

On December 23, 2015, the Federal Reserve Board (“Federal Reserve”) and the Federal Deposit Insurance Corp. (“FDIC” and, collectively with the Federal Reserve, the “Agencies”) announced settlements with Higher One, Inc....more

Morrison & Foerster LLP

CFPB Proposes Definition of Larger Participants for the International Money Transfer Market

On January 23, 2014, the Consumer Financial Protection Bureau (“CFPB”) issued a proposed rule that would define which nonbank covered persons would be designated “larger participants” for purposes of the international money...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review - December 10, 2013

Council of EU Publishes UK Issues Paper on MLD4 - On November 24, the Council of the European Union published a note (dated November 8, 2013) from the Council Presidency to Council Delegations which includes a UK...more

Orrick - Finance 20/20

CFPB Issues a Rule to Oversee Nonbank Student Loan Servicers

Orrick - Finance 20/20 on

On December 3, the CFPB issued a rule that allows it to supervise certain nonbank student loan servicers. The CFPB estimates that it will have authority to supervise the seven largest student loan servicers....more

Perkins Coie

Financial Services Bulletin: Action At The CFPB

Perkins Coie on

CFPB Issues Final Nonbank Student Loan Servicers Rule - On Tuesday, December 3, 2013, the Consumer Financial Protection Bureau (the "CFPB") issued a final rule pursuant to the CFPB’s authority under Title X of the...more

Ballard Spahr LLP

CFPB Finalizes Rule To Supervise Student Loan Servicers

Ballard Spahr LLP on

The Consumer Financial Protection Bureau has issued a final rule allowing it to supervise nonbank servicers of private and federal student loans who qualify as “larger participants” in the student loan servicing market. The...more

Stinson - Corporate & Securities Law Blog

CFPB To Oversee Nonbank Student Loan Servicers

The CFPB has issued a rule that allows the CFPB to supervise certain nonbank student loan servicers for the first time. The CFPB currently oversees student loan servicing at the largest banks. ...more

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