In an environment of amplified news coverage and increasing regulatory scrutiny, Bradley’s Education Finance team understands the need for a tactful and comprehensive approach to regulatory compliance. Our attorneys help clients analyze and understand Consumer Financial Protection Bureau (CFPB) activities related to student loan origination and servicing and applicable regulatory oversight of the Department of Education and state supervisory bodies. We also offer clients assistance with fundamental issues such as:
In recent years, several states have enacted laws requiring servicers of student loans – including both private loans and loans made or guaranteed by the federal government – to maintain licenses and be subject to state regulatory oversight. Our Education Finance team has significant experience assisting clients in identifying licenses needed for student loan servicing and origination and assisting in the preparation of applications for those licenses through the NMLS system. Bradley attorneys have contacts in state banking and financial services oversight departments across the country and the experience needed to help clients navigate all license-related issues, including applications, requests for information, and identified potential violations.
Bradley attorneys have the skills and experience to successfully defend student loan servicers and originators in all stages of litigation and appeal against a wide spectrum of state and federal claims. Our deep bench also includes attorneys who specialize in bankruptcy law, with knowledge specific to the bankruptcy issues affecting the education finance industry. Bradley’s attorneys draw upon their industry-specific knowledge to help guide student loan originators and servicers in crafting tailor-made litigation strategy both on a case-by-case basis and with entire portfolios in mind.