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NSLDN Files Amicus Brief to Support D.C.'s Efforts to Protect Students

On Monday September 10, 2018, NSLDN, together with the Lawyers’ Committee for Civil Rights Under Law and the Center for Responsible Lending filed a brief in the U.S. District Court for the District of Columbia to support the District of Columbia and its authority to pass laws that better protect residents from problematic practices of servicing companies that manage student loan repayment.

The brief, filed in Student Loan Servicing Alliance v. Taylor, et al. urges the court to reject the plaintiff loan servicer association’s “federal preemption” argument, which claims that existing federal law bars states and the District from engaging in any regulatory oversight of loan servicers.  As the brief highlights, this preemption argument is legally unfounded and unwise. In fact, D.C.’s efforts to regulate loan servicers finds strong support in legal precedent and sound policy to prevent disastrous consequences for the most vulnerable student borrowers and communities, especially borrowers of color.

For more information, see the Press Release issued jointly by NSLDN, the Center for Responsible Lending, and the Lawyers' Committee for Civil Rights Under Law.

Tags   Litigation