Student Loans

States Join Together to Offer Relief for Private Student Loan Collections

A number of states — California, Colorado, Connecticut, Illinois, Massachusetts, New Jersey, Virginia and Washington — enacted additional collection regulations aimed at providing expanded relief for individuals with private student loans, including prohibitions against certain collection activities, which will remain in place during the coronavirus pandemic. The relief package has …

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Senators Call Out Kraninger to ‘Do Your Job’

Eight Senate Democrats are calling on Kathleen Kraninger, the director of the Consumer Financial Protection Bureau, to “do your job” and “stand up” to Betsy DeVos, the Secretary of Education, over an “abandonment” of regulating part of the student loan servicing market. The Democrats, including Sen. Elizabeth Warren [D-Mass.] and …

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