Moving in the Right Direction to Protect Student Borrowers – Department of Education Says States Can Hold Student Loan Servicers Accountable
September 28, 2021
by Kyra Taylor
Federal Loans, Federal Servicing, Federal student loans, preemption, Servicers, student loan servicing, Unfair and Deceptive Acts and Practices
Comments are off
Last month, the Department reversed a DeVos era notice which said that federal student loan servicers were not subject to state consumer protection laws. The Devos interpretation said that states’ laws that protect borrowers from servicers’ false and misleading practices were “preempted” by the Higher Education Act (HEA). Preemption is a legal doctrine in which […]
Continue Reading →Get updates via email
Recent Posts
Quick Help
Please Note
Please understand that we do not provide legal advice about individual cases. This web site includes links to other resources for those who seek individualized legal advice or other help not offered here. This site is for people who already have student loans and want to know more about their options and rights.
Disclaimer | Copyright © National Consumer Law Center, Inc., All rights reserved.