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In late May, the Economic Growth, Regulatory Relief, and Consumer Protection Act (aka Bill S.2155) was signed into law. While the act primarily affects banks and financial institutions, changes to the Truth in Lending Act (TILA) and the Fair Credit Reporting Act will impact the way that schools manage institutional loans as well. READ MORE
For institutions of higher education that offer private student loans, there are a multitude of federal and state laws that need to be followed. Keeping up with these laws can be a significant challenge, but failure to comply could result in severe penalties. READ MORE
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