Rohit Chopra, who leads the Consumer Financial Protection Bureau, says he is simply enforcing the law. Bankers call him reckless — a “regulator gone rogue.”
Tag: Education Department (US)
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Student Loan Payments Are Due Again. Here Are 5 Things to Know.
A three-year payment pause ends in October. A more affordable repayment plan is available, and some borrowers will receive a fresh start.
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What to Know About the New Student Loan Repayment Plan
The Biden administration’s new income-driven repayment plan, SAVE, will reduce payments for millions of borrowers and more will qualify for $0 payments.
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Biden Administration Offers Guidance After Affirmative Action Decision
In its first guidance since the Supreme Court decision, the administration says many recruitment programs are still allowed, but other questions are left unanswered.
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Discharging Student Loans in Bankruptcy Show Mixed Results
Last year, the Biden administration provided a new path to make it easier to discharge student loans in bankruptcy. The results appear promising, but success has been limited.