Notwithstanding a pandemic-induced winnowing of legislative priorities this year, California has passed a handful of new bills to regulate discrete areas of the financial services industry, including student loan servicing,...more
9/25/2020
/ Administrative Authority ,
CARES Act ,
Consumer Financial Products ,
Coronavirus/COVID-19 ,
Debt Collectors ,
FDCPA ,
Financial Services Industry ,
Forbearance Agreements ,
Governor Newsom ,
Loan Servicer ,
Moratorium ,
Mortgages ,
New Legislation ,
Ombudsman ,
Relief Measures ,
Rent ,
Rental Property ,
Rulemaking Process ,
State and Local Government ,
Student Loans
A number of diverse stakeholders gathered at George Mason University (GMU) on Nov. 18, 2019, to participate in a program entitled "Consumer Debt in America: What Would Rate Caps and Student Loan Forgiveness Mean?" The debate,...more
12/3/2019
/ Banking Sector ,
Community Banks ,
Consumer Financial Contracts ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Debt ,
Department of Education ,
FDIC ,
Federal Grants ,
Federal Loans ,
FinTech ,
Government-Guaranteed Loans ,
Independent Community Bankers of America (ICBA) ,
Interest Rates ,
Military Lending Act ,
OCC ,
Payday Loans ,
Proposed Rules ,
Public Policy ,
Student Loans ,
Usury
New Jersey has enacted a law, P.L. 2019, c. 200 (Act), that is designed to assist potential and existing student loan borrowers in understanding and managing their student loans. Briefly, the Act: 1) authorizes the New Jersey...more