(The Center Square) – A nonprofit policy organization is speaking out against legislation in Springfield that would make Illinois the first state to give the Income Share Agreement industry its own law. ISAs are a type of private student...
Industry-backed bill HB1519 would codify some of the lending industry’s worst practices – establishing interest rates exceeding 20% for private student loans For Immediate Release: April 26, 2023 Contact: Brent Adams | badams@woodstockinst.org | (773) 844-5544 Anusha Thotakura |...
Woodstock Institute and other consumer advocates are opposed to HB 1519, a bill backed by the Income Share Agreement (ISA) industry that would codify some of the industry’s worst practices — practices that saddle graduates with a mountain of...
Woodstock Institute signed on to a letter led by Public Citizen urging the Biden Administration to cancel student debt and, until that happens, continue the payment pause on federal student loans.
CEO Horacio Mendez spoke about forgiveness of student loan debt.
According to a media release from the Center for American Progress, the groups sent the letter to NCUA Chairman Debbie Matz Thursday and warned that loans made by federally chartered credit unions, federally insured, state chartered credit unions and...
150514_woodstock_CFPB_studentloans.pdf Testimony of Katie Buitrago before the Consumer Financial Protection Bureau Field Hearing on Student Loans. In this testimony Buitrago discussed the impact for-profit colleges have on students’ economic opportunities, with these students graduating with more debt and fewer...
150713_cfpb_servicing.pdfThis comment letter responds to the Consumer Financial Protection Bureau (CFPB) request for information on student loan servicing, in particular its questions on data. The letter draws upon lessons from the Home Mortgage Disclosure Act and the National Mortgage...
Reining in the multibillion-dollar industry has been the administration’s goal for most of President Barack Obama’s term in office, fueled by complaints that for-profit colleges lure students with misleading promises, then saddle them with debts they can’t pay back...
Public feedback is being sought by CFPB on “industry practices that create repayment challenges, hurdles for distressed borrowers and the economic incentives that may affect the quality of service.” The public comment period opened May 14 and will run...