Brian Slagle

Ballard Spahr LLP

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Mulvaney Responds to Resignation of CFPB Student Loan Ombudsman

CFPB Acting Director Mick Mulvaney recently responded to former CFPB Student Loan Ombudsman Seth Frotman’s vocal departure from the Bureau. As previously reported, Frotman tendered his resignation in a letter—also delivered...more

9/20/2018 / Administrative Resignation , Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Financial Services Industry , Ombudsman , Student Loans

Washington D.C. publishes final student loan servicing regulations

The District of Columbia Department of Insurance, Securities, and Banking (DISB) published its final rules under the Student Loan Ombudsman Establishment and Servicing Regulation Amendment Act of 2016. ...more

8/30/2018 / Consumer Financial Products , Consumer Lenders , Financial Services Industry , Ombudsman , Regulatory Oversight , Regulatory Requirements , State and Local Government , Student Loans

California and Washington, D.C. issue student loan servicing regulations

California and the District of Columbia have recently released regulations under their respective student loan servicing laws. Each is taking comments on its regulations, but whereas California has merely issued proposed...more

9/27/2017 / Administrative Authority , Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Department of Business Oversight , Financial Services Industry , New Legislation , Ombudsman , Regulatory Oversight , Rulemaking Process , Student Loans

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