The New York Department of Financial Services ("DFS") has finalized the last piece of the Empire State's student loan servicer puzzle. On October 1st, the DFS issued a Student Loan Servicers Regulation (the "Regulation") that...more
12/27/2019
/ Debt Collection ,
Federal Student Loans ,
Higher Education Act ,
Loan Servicer ,
New Regulations ,
NYDFS ,
Private Student Loans ,
Regulation Z ,
State Regulators ,
Student Loan Servicers Regulation ,
Student Loans
The May 2019 issue of Insights included discussion of a growing trend to regulate student loan servicers. Currently, there are a handful of states that impose requirements specifically on such parties. However, the ranks of...more
States around the country continue to consider and enact laws and regulations to regulate student loan servicers and provide protections to student loan borrowers. Several states and the District of Columbia currently have...more