Since its creation in 2010, the Consumer Financial Protection Bureau (CFPB) has been a lightning rod of controversy between Republicans and Democrats. With the incoming Trump Administration and Republican control of Congress, many industry experts believe that the CFPB's governing structure and leadership will undergo extensive reform over the next year, impacting the Bureau's work on the servicing and collection of federal and private student loans. Irrespective of these developments, there will likely continue to be a primary agency tasked with protecting consumers so NCHER members should be aware of those policies, procedures, and practices that federal regulators look for when conducting compliance reviews and recommending enforcement actions. In this session, industry observers will discuss these efforts and the outlook for 2017.
Allyson B. Baker, Partner, Venable LLP
Visit the National Council of Higher Education Resources' 2017 Legislative Conference webpage for more information or to register.