A lawsuit accusing student-loan giant Navient of violating Pennsylvania and federal consumer-protection laws can move forward, in a decision that could bolster state efforts to regulate student-loan companies.
A lawsuit accusing student-loan giant Navient NAVI, +0.06% of violating Pennsylvania and federal consumer-protection laws can move forward, in a decision that could bolster state efforts to regulate student-loan companies.
Student-loan companies and the Department of Education under Betsy DeVos have argued that the companies aren’t subject to state law, given the federal laws governing the student-loan program. The claim arises from a legal concept known as preemption, or the idea that federal law supersedes state law when they are in conflict.
States can pick up the slack of federal agencies Monday’s decision also tackles an issue that didn’t play a role in the earlier cases: whether a state can bring an action against a company while it’s being sued by the Consumer Financial Protection Bureau over similar issues. Navient, which was sued by the CFPB in 2017, had argued that the Consumer Protection Act doesn’t allow a state attorney general to bring a “copycat” claim.
The court decision comes after years of back-and-forth between states, the federal government and companies over states’ authority to regulate the firms. In 2015, states began passing laws to regulate student-loan servicers, which are contractors of the federal government.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
EDM DJ Marc Kinchen Seeks to Void ‘Unconscionable’ Management DealMarc Kinchen, an EDM DJ and producer who goes by MK, filed a lawsuit against his management company on Wednesday, accusing the firm of duping him into signing an “unconscionable” agreem…
続きを読む »
'RHOC' Still Filming Despite Shannon Beador's Positive COVID ResultsThe Orange County 'Housewives' are moving forward without Shannon.
続きを読む »
Ashley Judd’s Sexual Harassment Claim Against Weinstein Is Moving Forward AgainCalifornia’s Ninth Circuit Court of Appeals has ruled that Ashley Judd can pursue a sexual harassment claim against convicted rapist Harvey Weinstein
続きを読む »
L.A. County shuts down three food businesses over unreported COVID-19 outbreaksThe move comes amid increased enforcement against businesses failing to comply with coronavirus rules.
続きを読む »
Indonesia launches $7 billion loan guarantee scheme for 'priority' companiesIndonesia has launched a 100 trillion rupiah ($6.92 billion) loan guarantee scheme targeting businesses in priority sectors as part of efforts to help companies stay afloat during the coronavirus pandemic, the finance minister said.
続きを読む »
Obama and George Clooney to hold virtual fundraiser for BidenFormer President Barack Obama will be joined by actor George Clooney on Tuesday in Obama’s latest effort to boost Democrat Joe Biden’s presidential campaign.
続きを読む »