Recent Developments Affecting Student Loan Origination and Servicing

With federal student loans approaching $1.7 trillion, private student loans approaching $129 billion, strident consumer group advocacy, and national elections on the horizon, student loan origination and servicing continues to be a focal point for federal and state regulators. 

Topics to be discussed:

• Developments at the Department of Education
  • Loan forgiveness
  • The framework for servicer accountability
  • The preemption statements
  • Other noteworthy initiatives
• Developments at the Consumer Financial Protection Bureau
  • The Tuition Payment Plan Report
  • Student loan borrower survey
  • Lessons to be learned from the most recent Supervisory Highlights and the Report of the CFPB Student Loan Ombudsman
  • Related developments affecting delinquency and collections
• Recent state legislative and regulatory developments
  • New lender registration requirements
  • New regulations issued by the California Department of Financial Protection and Innovation
  • The proposed regulations from the Nevada Commissioner of the Financial Institution Division of the Department of Business and Industry
  • Pending legislation and other state initiatives
• Our predictions for areas of focus in 2024.