In a vote last month that fell for the most part along party lines, the House Financial Services Committee approved the creation of a Consumer Financial Protection Agency, which will expand federal oversight of nonfederal private student loans. At the same time, the committee rejected a proposal that would have included school-sponsored “gap loans” under [...]
Posts Tagged ‘gap loans’
Expanding Federal Regulation of Private Student Loans
November 13th, 2009 
davidguide 
Posted in Borrowers 
Tags: Alabama, California, CFPA, Consumer, consumer advocacy groups, financial regulatory system, financial services committee, Frank, gap, gap loans, H.R, House, house financial services committee, President Obama, Private Student, private student loans, Representative Barney Frank, Representative Maxine Waters, spencer bachus, student, U.S. Department 
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