News & Analysis as of

Student Loans Relief Measures Consumer Financial Products

Hudson Cook, LLP

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

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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

Dorsey & Whitney LLP

The Supreme Court Update - June 30, 2023

Dorsey & Whitney LLP on

Today, in the last day of the 2022-2023 term, the Supreme Court of the United States issued three decisions: Department of Education v. Brown, No. 22-535; Biden v. Nebraska, No. 22-506: These cases addressed suits...more

Orrick, Herrington & Sutcliffe LLP

Education Dept. extends student loan moratorium

On December 22, the Department of Education announced a 90-day extended pause on student loan repayment, interest, and collections through May 1, 2022, which will allow the Biden Administration “to assess the impacts of the...more

Akin Gump Strauss Hauer & Feld LLP

Biden-Harris Administration Opens Application for Student Debt Relief Program and Reports Eight Million Americans Have Already...

On the afternoon of Monday, October 17, President Biden announced via Twitter and press release that the Department of Education (DOE) has officially launched the application for its Student Debt Relief Plan. Borrowers can...more

Akin Gump Strauss Hauer & Feld LLP

Biden-Harris Administration Releases Preview of the Student Debt Relief Application Form

On Tuesday, October 11, the Biden-Harris administration and the Department of Education (DOE) provided a preview of the student debt relief application they had announced earlier in the year. Published on the White House’s...more

Akin Gump Strauss Hauer & Feld LLP

White House Announces Federal Student Loan Forgiveness Plan and Final Repayment Moratorium Extension

On Wednesday, August 24, the Biden-Harris administration and Department of Education announced a three-part student debt relief plan aimed at making the student loan system more manageable for those with existing student loan...more

Alston & Bird

More Student Borrowers Get Relief Under Borrower Defense to Repayment Rule

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Our Education Team explores how a new round of repayment discharges – totaling $238 million for 28,000 student borrowers – announces a return to the use of the group discharge....more

Goodwin

2020 Year in Review: Consumer Finance

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For so many people and companies, 2020 was a year of uncertainty unlike any other in recent memory. It was no different for the financial services industry. The biggest uncertainty was COVID-19. The global pandemic had a...more

Goodwin

OCC Proposes Rules for CRA Benchmarks and Fair Access

Goodwin on

In the News. The Office of the Comptroller of the Currency (OCC) issued a long-awaited rule seeking comment on its proposed approach to determine the Community Reinvestment Act (CRA) evaluation measure benchmarks, retail...more

Holland & Knight LLP

California Legislative Roundup 2020: Financial Services

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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

Morgan Lewis - All Things FinReg

US Secretary of Education Implements Presidential Memorandum for Student Loan Payment Relief

As we discussed in a prior LawFlash, US President Donald Trump signed four executive actions that purportedly extend various aid measures for individuals impacted by the coronavirus (COVID-19) pandemic on August 8. One of...more

Goodwin

COVID-19 and Consumer Financial Services: Navigating New U.S. and State Orders, Rules, Laws, Guidance, and Pleas

Goodwin on

It is imperative that financial institutions stay abreast of COVID-19-related issues as they develop and consider the risks of failing to implement the various policies espoused in the federal and state orders and guidance,...more

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