Insights / eventsInsights
Insights / events

Attorney Presentation

Reviewing State Student Loan Servicing Licensing Laws – A Precursor to National Legislation?

Read Time: 1 min

Since 2015, a growing number of states have passed new laws establishing Student Loan Ombudsman Offices to represent the interests of borrowers on student loan‐related matters and requiring student loan servicers to obtain a license to service federal and private student loans in their states.

Bonnie Dye (New Orleans) will co-present “Reviewing State Student Loan Servicing Licensing Laws” on the recent updates to consumer protection laws at the National Council of Higher Education Resources (NCHER) Virtual Annual Conference on November 12, 2020.

In this session, the panel will provide an update on state student loan servicing licensing laws (including legislative initiatives currently moving through the California and Massachusetts legislatures), highlight the differences between the various statues, discuss how NCHER members are currently complying with current statues, and talk about the push for moving from a patchwork of state laws to uniform, nationwide, and federally mandated consumer protections.

Insights

Alert

Massachusetts Enacts Student Loan Servicer License Requirement

January 27, 2021

On January 14, 2021, the governor of Massachusetts signed H 5250 into law, which includes a licensing requirement applicable to student loan servicers, and other requirements related to the regulation and supervision of student loan servicers in Massachusetts. The law will become effective on July 1, 2021, but entities subject to licensure should prepare for the forthcoming licensing requirement soon to ensure a compliance with this new law.

Attorney Presentation

Review and Outlook: Legal and Compliance Developments

January 6, 2021

Kelly Lipinski (Cleveland) joined a distinguished group of experts to discuss legal and compliance developments in the education finance industry on Wednesday, January 6, 2021, at the National Council of Higher Education Resources (NCHER) “Year-In-Review of 2020 and Outlook for 2021.”

Attorney Presentation

Licensing Renewals

October 7, 2020

A panel of McGlinchey attorneys and licensing managers covered renewal periods, post-renewal data reports, and renewal reporting on Wednesday, October 7 during the 2020 Virtual Consumer Finance Legal Conference.

Attorney Presentation

Beyond Licensing: Emerging Issues in Student Lending

May 15, 2019

Kelly Lipinski (Cleveland) co-presented "Beyond Licensing: Emerging Issues in Student Lending" at the Student Loan Servicing Alliance Annual Meeting in San Antonio on May 15. Kelly discussed legal issues and trends that are likely to affect the student lending industry beyond the importance of obtaining student loan servicing licenses.

Attorney Presentation

Protecting Student Data in an (Un)Secure World

October 15, 2018

Mag Bickford (New Orleans) will co-present at the Annual Conference of the Southern Association of Independent Schools (SAIS) on October 15, 2018 in Charleston, South Carolina. The SAIS Annual Conference draws independent school leaders from throughout the region, including more than 400 heads of school and administrators.