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Here’s Where the 2020 Presidential Candidates Stand on Student Loans

Americans owing more student loans than ever before, college affordability and student loan debt reform have become hot-button topics among the 2020 presidential candidates. And the issue is definitely an urgent one: J.P. Morgan estimates four years at a private college could cost roughly half a million dollars in 2036 if costs continue rising at their current pace, …

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Why Radical Elizabeth Warren’s Student Loan Program Has Right Wingers Pissed Off for all the Wrong Reasons

Adam Levitin, writing for Credit Slip, made a profound observation about Senator Elizabeth Warren’s proposal to forgive massive amounts of student-loan debt. Her harsh critics, Levitin, writes, moan and groan about the morality of contracts, the unfairness of allowing some student borrowers to escape their legal obligations, and the enormous cost of forgiving billions of …

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Bill Would Make Employment Credit Checks Illegal

United States Senator Elizabeth Warren (D-Mass.) today introduced the Equal Employment for All Act with Senators Richard Blumenthal (D-Conn.), Sherrod Brown (D-Ohio), Patrick Leahy (D-Vt.), Edward J. Markey (D-Mass.), Jeanne Shaheen (D-N.H.), and Sheldon Whitehouse (D-R.I.). The legislation would prohibit employers from requiring potential employees to disclose their credit history as part of the job …

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Elizabeth Warren to Run for Congress

After Elizabeth Warren stepped down from leading the CFPB, there was an assumption she would be heading back to Harvard University to continue the good work she was doing before to help protect consumers. According to CNN, a Warren campaign advisor has confirmed that tomorrow, Warren will announce her candidacy for the U.S. Senate for …

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CFPB Still Moving Ahead. Enforcement and Supervision Imminent.

Yesterday was the last Congressional hearing I’m aware of prior to the July 21, official launch date for the Consumer Financial Protection Bureau (CFPB). There was tension that House Republicans would roll back the scope and authority of the new CFPB even before it actually began but from reports of the hearing, the gutting of …

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Elizabeth Warren Called Liar at Congressional Hearing. Disgusting.

A recent appearance by Elizabeth Warren of the Consumer Financial Protection Bureau in front of a Congressional hearing ended most unfortunately when Representative McHenry, Republican of South Carolina, accused Warren of making up the fact their staffs had agreed to an ending time for the meeting. Essentially he publicly called her a liar. More details …

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Elizabeth Warren Says CFPB to Spend Half of Budget on Enforcement

This past Monday I had the pleasure of catching up with my old friend Elizabeth Warren. She was the keynote speaker at the National Association of Attorneys General meeting in Charlotte, NC. Professor Warren made it very clear that the Consumer Financial Protection Bureau (CFPB) will focus on compliance, supervision and enforcement of financial products. …

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What Elections Could Do to Financial Regulations

by Marian Wang, ProPublica As Americans go to the polls today, their votes will influence a number of issues that we’ve been watching, whether it be the foreclosure scandal or implementation of financial regulation and healthcare reform–some of our favorite topics. So here’s our attempt to parse some of the election coverage and bring these …

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