Even without a confirmed Director, the Consumer Financial Protection Bureau (CFPB) wields enormous power. Having launched significant credit card and mortgage lending initiatives since its inception, the CFPB has now turned its attention to another big consumer market—the market for student financial aid and student loans. The agency's announced goals are to bring "transparency" to this market and to "make sure that education finance helps students obtain opportunities they otherwise could not."

In this program, Ballard Spahr partners Alan S. Kaplinsky and John L. Culhane, Jr., will provide an overview of the authority of the CFPB, followed by a detailed examination of the CFPB's student loan initiatives to date, its relationship with the Department of Education, and the implications for all participants in this market. Special emphasis will be placed on not-for-profit and for-profit career schools and their admissions programs, colleges and universities and their financial aid programs, and sponsors and lenders and their private education loan programs.

Topics

  • Career Schools and Military Student Enrollment
  • The Student Loan Ombudsman and the CFPB Complaint Process 
  • The Student Debt Repayment Assistant 
  • Private Education Loan Disclosures and the CFPB Supervision and Examination Manual (Version 1.0) 
  • Know Before You Owe: Student Loans – Model Financial Aid Disclosures 
  • The Dodd-Frank Study and Report on Private Loans and Private Lenders

program

12:00 PM - 1:00 PM  ET |  Webinar

Speakers

Alan S. Kaplinsky, Practice Leader, Consumer Financial Services Group
John L. Culhane, Jr., Partner, Consumer Financial Services and Higher Education Groups