Volume 2014 - Number 22
June 6, 2014
Student Loan Servicers Back in Congressional Crosshairs as Debt Mounts, Jobs Recovery Lags
The odds seem to be increasing that student loan servicers are going to face tougher legislation or regulation – or both – as members of Congress and the Consumer Financial Protection Bureau pay more attention to the sector. During a hearing this week of the Senate Banking Financial Institutions and Consumer Protection Subcommittee, Chairman Sherrod Brown, D-OH, drew a comparison between the mortgage market’s collapse and the resulting financial crisis and today’s student loan market – with an emphasis on the role of servicers in both contexts. Last year, Brown wrote...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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