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Student Loans Department of Business Oversight

Goodwin

10 Key Takeaways From California’s New Consumer Finance Regulatory And Enforcement Regime

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Three California laws that affect fintech companies will go into effect on January 1, 2021. The California Consumer Financial Protection Law (CCFPL) expands the scope of the Department of Business Oversight’s (DBO) current...more

Ballard Spahr LLP

California publishes final student loan servicer regulations; California bill introduced to require additional information in...

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The California Department of Business Oversight has sent an email to servicers notifying them of the publication of its final student loan servicer regulations, which became effective March 28, 2019....more

Manatt, Phelps & Phillips, LLP

California Continues Oversight of Student Loan Servicers

Following in the recent footsteps of the California attorney general’s lawsuit against the country’s largest student loan servicer, the state’s Department of Business Oversight (DBO) sent letters to 12 servicers seeking...more

Ballard Spahr LLP

California Releases Second Revised Student Loan Servicer Regulations

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The California Department of Business Oversight (DBO) has published a second round of modifications to its proposed regulations under the State’s Student Loan Servicing Act.  As previously covered, the DBO published its first...more

Ballard Spahr LLP

California Releases Revised Student Loan Servicer Regulations

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The California Department of Business Oversight (DBO) has published modifications to its proposed regulations under the State’s Student Loan Servicing Act.  As previously covered, the DBO published notice of its initial...more

Ballard Spahr LLP

D.C. and California Issue Student Loan Servicing Regulations, Join Other States in Migrating Licenses to NMLS

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As we reported last month, the District of Columbia Department of Insurance, Securities and Banking (DISB) started accepting applications and transition filings for the Student Loan Servicer License on the Nationwide Mortgage...more

Ballard Spahr LLP

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

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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

Manatt, Phelps & Phillips, LLP

New California Laws for Financial Institutions

As the California legislative session wound down, Governor Jerry Brown signed multiple bills into law that will impact financial institutions. What happened - Financial institutions in California should prepare...more

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