Originally appearing in Business Insider on Aug. 21, 2023, Ayelet Sheffey talks to Anna Anderson about one of the more common and innocuous-sounding actions a borrower might take — bringing on a cosigner. While cosigners are necessary to help out borrowers who may not be able to afford the terms of their loan on their…
Revised StudentLoanBorrowerAssistance.org Provides Resources for Consumers, Reporters BOSTON – In anticipation of an announcement from the U.S. Supreme Court concerning the fate of President Biden’s student debt cancellation plan, the National Consumer Law Center’s Student Loan Borrower Assistance project has launched a newly updated, consumer-facing website with resources and advice for borrowers and for media…
Comments to the portions of regulations proposed by the Cal. Dept. of Financial Protection and Innovation regarding the oversight of businesses that offer education financing and student debt relief services in California.
The undersigned sixteen organizations, representing California borrowers, educators, and consumer advocates, submit this comment in response to the California Department of Financial Protection & Innovation’s (“DFPI” or “Department”) notice of proposed rulemaking to adopt new regulations and amend current regulations implementing the Student Loan Servicing Act (SLSA), Fin. Code, § 28100, et seq., and to…
