Student Loans

Top student loan ripoff investigator quits CFPB; says bureau suppressed report about unfair account fees

August 27, 2018

The federal official in charge of handling complaints against the student loan industry resigned in fury on Monday, leveling a series of accusations against his agency — including suppression of a report showing lenders were ripping off college students with “legally dubious account fees.” The step was not a surprise. Seth Frotman, who was student loan…

David Halperin”s Republic Report on “Mass Actions” in Student Enrollment Agreement Fine Print

March 10, 2015

David Halperin’s Republic Report on “Mass Action” Ban in Student Enrollment Agreement A critical point in a new enrollment agreement described in detail by David Halperin at Republic Report states: “Students must agree to give up the right to a jury trial. The agreement reads, “By my signature, I acknowledge that I understand that both…

Ralph Nader on The Wild and Cruel Gap Between Debtors and Creditors

December 14, 2013

Ralph Nader on The Wild and Cruel Gap Between Debtors and Creditors Read Ralph Nader here on the fine print in Student Loans and the Credit Industry.

Why Consumers with Interest Rates in their Contracts Should Care about LIBOR

August 8, 2012

Gary Gensler, the Chairman of the Commodity Futures Commission, explains in the New York Times why consumers with interest rates in their contracts should care about the integrity of Libor–the London interbank offered rate–which is used as a benchmark average interest rate at which large international banks can borrow money. http://www.nytimes.com/2012/08/07/opinion/libor-naked-and-exposed.html?_r=1

Contract Reform Team Submits Comments to the CFPB on Student Loans

January 18, 2012

DePaul University College of Law Student Sarah Moravia Submits Contract Reform Team Comments on Student Loan Provisions to the Consumer Financial Protection Bureau