defense

Dept. of Education proposal allows use of pre-dispute arbitration agreements by schools receiving Title IV aid for student borrowers

By John L. Culhane, Jr. on July 30, 2018

Posted in Dept. of Education, Regulatory and Enforcement, Student Loans

The Department of Education has issued a proposal that would rescind the “Borrower Defense” final rule issued by the ED in November 2016 and replace it with the “Institutional Accountability regulations” contained in the proposal. Among the major changes to the final rule that would be made by the proposal is the removal of the final rule’s ban on the use of pre-dispute arbitration agreements and class action waivers for borrower defense claims by schools receiving Title IV assistance under the Higher Education Act (HEA). … Continue Reading

DoD issues MLA interpretive rule; Ballard to hold Sept. 20 webinar

By Ballard CFS Group on September 8, 2016

Posted in Military Issues, Regulatory and Enforcement

The Department of Defense (DoD) has issued an interpretive rule to assist the industry in complying with its July 2015 final rule amending the Military Lending Act’s implementing regulation. The much-anticipated guidance was published in the Federal Register on August 26, 2016, just over one month before the final rule’s October 3 compliance deadline for most products other than credit cards.… Continue Reading