Following three months of drafting and two rounds of intensive discussions, the negotiators tasked with reworking the controversial “borrower defense” rule are scheduled to meet in Washington next week for the final session of the rulemaking. Thompson Coburn attorney Aaron Lacey, negotiating on behalf of general counsels, attorneys, and compliance officers of institutions of higher education, will join the other 16 negotiators as they work to achieve consensus.
Shortly thereafter, Aaron will report back on the outcome of this last session — and provide insights on the entirety of the rulemaking process — at a February 21 webinar, “Borrower Defense Rule: Negotiated Rulemaking Session 3.”
In addition, the recordings of our first two webinars are now available:
- Borrower Defense Rule: Negotiated Rulemaking Session 1
- Borrower Defense Rule: Negotiated Rulemaking Session 2
As always, our 90-minute webinar on February 21 is complimentary and open to all. Please join us as we analyze the issues brought up during the rulemaking and discuss how these negotiations will affect a final version of the rule.