Higher Ed Dive September 8, 2021 Rick Seltzer Dive Brief: The Consumer Financial Protection Bureau moved against a nonprofit organization that provides income-share agreements, saying it misrepresented the nature of ISAs, didn’t comply with federal law regulating private student loans, and imposed illegal fees or penalties for early repayment. A consent order announced Tuesday requires the provider, […]
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The Hill September 8, 2021 Sylvan Lane Four House Republicans are pressuring Education Secretary Miguel Cardona to rule out a potential mass forgiveness of federal student loan debt without congressional approval. In a Wednesday letter to Cardona, GOP Reps. Ted Budd (N.C.), Warren Davidson (Ohio), Scott Petty (Pa.) and Barry Loudermilk (Ga.), asked the education secretary for a “commitment that you will not […]
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Committee on Education & Labor September 8, 2021 Today, Education and Labor Committee Republican Leader Virginia Foxx (R-NC) issued the following statement after Education and Labor Democrats unveiled their piece of President Biden’s $3.5 trillion partisan spending package: “This monstrous spending package recklessly increases what was already the highest sustained spending spree in American history. […]
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Inside Higher Ed September 8, 2021 Alexis Gravely The Consumer Financial Protection Bureau took action Tuesday against a company offering income-share agreements to help students finance their degrees. The company misrepresented its product and failed to comply with federal consumer financial law, according to the federal agency. Better Future Forward Inc., a nonprofit led by […]
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