A Message from Consumer Action

Consumer Action's MoneyWi$e educational materials have moved to our Managing Money Project website. Here you may view, download and order bulk copies of the MoneyWi$e materials. Please make a note of the Managing Money Project address— www.managing-money.org —and add it to your address book.

Nelson v. Great Lakes Educational Loan Services

In response to the wave of new state student loan servicing laws and enforcement activity, the U.S. Department of Education has published an interpretation emphasizing that the Higher Education Act (HEA) preempts state regulation of federal student loan servicers. Contrary to the district court’s opinion, the U.S. Department of Education regulations on servicer behavior are far from robust, and historically, its enforcement of borrower protections has been woefully insufficient.

Therefore, Consumer Action joined 14 consumer, student and civil rights organizations in asking the Court to conclude that the Plaintiff's consumer protection claims under Illinois state law are not preempted by federal law and reverse the district court’s dismissal of the Plaintiff’s claims.

Click here to read the full brief.

 

Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

MoneyWise Modules

Managing Money Topics

Help Desk

Advocacy