Is a student loan bill of rights coming to California?
On Tuesday, the California Assembly passed a first-in-the-nation"Student Borrower Bill of Rights," which aims to protect borrowers with student loans. Sponsored by Assemblyman Mark Stone, the bill,, primarily targets student loan servicers, which are responsible for collecting student loan payments and managing student loan accounts.
“Multiple investigations have shown that loan servicers routinely lose paperwork, misapply payments, provide borrowers inaccurate information, and even steer them into more costly repayment options with virtually no accountability," said Suzanne Martindale, senior policy counsel and western states legislative manager for Consumer Reports, which co-sponsored the legislation."At a time when the U.S.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Americans want a 401K, a great salary, health care and help with student loans, tooSome companies are offering to help with student loan debt in addition to retirement savings as part of their benefits package.
Read more »
California Assembly approves bill to deter deadly police shootingsThe California Assembly approved the legislation after changes ended what had been vehement opposition from law enforcement, allowing police to use deadly force only when it is “necessary” to defend against imminent threat of death or serious injury.
Read more »
A decade after the crash, Barclays bets again on bundling U.S. home loansTen years on from the global financial crisis caused by a crash in bonds tied to...
Read more »
'Stealthing' Your Partner During Sex Could Soon Be Classified As Sexual AssaultLawmakers in two states introduced the first legislation in the nation that would redefine 'stealthing' as rape and sexual assault.
Read more »
Louis Dreyfus tries sustainable finance with $750 million loanAgricultural commodity group Louis Dreyfus Company has agreed to renew a $750 mi...
Read more »
This Hedge Fund Superstar Thinks Climate Change Will Impact All Your Investments—And Soon
Read more »
Taliban leader indicates no ceasefire anytime soonThe rare message from Haibatullah Akhundzada comes after a sixth round of US-led talks ended last month in Qatar with little sign of progress and amid continued bloodshed across Afghanistan.
Read more »
Federal employees soon will have more options to withdraw money from their retirement accountsThe Thrift Savings Plan is on schedule for a September launch of new account withdrawal options that will remove restrictions many investors long have been sore about.
Read more »