And they worry that Gillespie's ties to companies like Nelnet could hurt any efforts to
regulate student loan companies.
Not exact matches
For the first time in history, this means that the Federal government will be able to
regulate the actions of independent payday lenders, private mortgage lenders and servicers, debt collectors, credit reporting agencies, and private
student loan companies.
The interpretation argues that the states and their regulatory agencies do not have the power to
regulate the
companies hired by ED to collect
student loans, and as a result, ED's
student loan servicers can ignore states» attempts to
regulate them.
Gillespie has never officially stated his position on having
student loans companies regulated by the state; however, the issue of lowering college tuition has played an important role in Gillespie's bid for governor.