ABA Foundation releases infographic on avoiding scholarship, student loan scams

The American Bankers Association Foundation released a new infographic today providing consumers with information on common scholarship and student loan ...

CFPB Finalizes Advisory Opinion Pilot Program, Issues Advisory Opinions

Community Banking

November 30, 2020

The CFPB today finalized an advisory opinion pilot program that allows entities seeking to comply with existing regulations to request ...

ABA Opposes Two Bills Changing Bankruptcy Code

Newsbytes

September 29, 2020

The American Bankers Association expressed its opposition today to two bills that would change the bankruptcy code, writing in a ...

ABA, Trades Call on FHA to Revise Underwriting Policy on Student Debt

Mortgage

August 4, 2020

ABA this week joined a coalition of housing and financial trade groups in a letter urging the Federal Housing Administration ...

ABA Opposes Student Loan Amendments in NDAA

Newsbytes

August 4, 2020

The American Bankers Association wrote to Senate Armed Services Committee Chairman Jim Inhofe (R-Okla.) today to oppose two private student ...

Student Debt Repayment Benefits Tax-Free Under CARES Act

Human Resources

March 30, 2020

Employers will be able to make tax-free contributions to their employees' student debt, according to one provision of the recently ...

Draft Libor Transition Language Released for Variable-Rate Private Student Loans

Newsbytes

March 27, 2020

The Alternative Reference Rates Committee today issued a consultation on draft fallback language for variable-rate private student loans that reference ...

CFPB Flags Lapses in Reg X Compliance After Disasters

Compliance and Risk

February 19, 2020

Violations of Regulation X--including the failure of some mortgage servicers to provide certain loss mitigation notices, providing incomplete notices or ...