Is a student loan bill of rights coming to California?
On Tuesday, the California Assembly passed a first-in-the-nation"Student Borrower Bill of Rights," which aims to protect borrowers with student loans. Sponsored by Assemblyman Mark Stone, the bill,, primarily targets student loan servicers, which are responsible for collecting student loan payments and managing student loan accounts.
“Multiple investigations have shown that loan servicers routinely lose paperwork, misapply payments, provide borrowers inaccurate information, and even steer them into more costly repayment options with virtually no accountability," said Suzanne Martindale, senior policy counsel and western states legislative manager for Consumer Reports, which co-sponsored the legislation."At a time when the U.S.
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