New Items

FTC Postpones Compliance Deadline for Certain Safeguards Rule Provisions Applicable to Title IV Institutions of Higher Education

Update Ed Jessica S. High November 17, 2022 Last year, the Federal Trade Commission (FTC) amended the Safeguards Rule under the Gramm-Leach-Bliley Act (GLBA). The comprehensive amendment updated data security requirements for financial institutions, including all Title IV institutions of higher education. In response to reports of personnel shortages and supply chain issues, on November […]

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Judge Grants Final Approval to Borrower Defense Settlement

NASFAA Maria Carrasco November 18, 2022 A federal judge in California granted final approval on Wednesday to a settlement that will cancel billions of dollars in federal student loans for hundreds of thousands of borrowers who argue they were defrauded by their college. The class action lawsuit, dubbed Sweet v. Cardona (previously Sweet v. DeVos), […]

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Supreme Court Asked to Block Debt-Relief Plan

Inside Higher Ed Katherine Knott October 20, 2022 The Wisconsin Institute for Law & Liberty is asking the U.S. Supreme Court to block President Biden’s student loan forgiveness plan. The conservative legal organization filed an emergency application for an injunction Wednesday after a federal appeals court declined to overturn a judge’s order to dismiss the case. The […]

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Cato Institute sues Education Department over student loan cancellation

The Hill Natalie Prieb and Alex Gangitano October 18, 2022 Libertarian think tank the Cato Institute on Tuesday sued the Department of Education over the Biden administration’s plan to cancel some student loan debt. “Forcing taxpayers to pick up the tab for other people’s college loans is bad policy, but in the case of President Biden’s order, […]

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