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States can’t sue the companies that charge you interest on student loans. All 50 states want Biden to change that.


Summary List Placement

All 50 states agree on something: Student-loan servicers, or the companies that charge you interest if you have any debt from higher education, need to be reined in.

On Tuesday, the Conference of State Bank Supervisors (CSBS), comprising financial regulators from every state, joined the North American Collection Agency Regulatory Association (NACARA) in urging Education Secretary Miguel Cardona in a letter to rescind Trump-era policies that put the protections of student-loan borrowers at risk. 

Specifically, with the pause on student loan payments expected to lift in October, the two organizations want to ensure state financial regulators details ⇒

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