DFPI's Suit Against PHEA Finds No Purchase
By EsqSocial Corporation 21/10/20
The California Student Loan Servicing Act (the "CSLSA") requires all student loan servicers that service student loans in California to be licensed by the California Department of Financial Protection and Innovation (fka the Department of Business Oversight). Cal. Fin. Code § 28102. Last April, the DBO filed suit against the Pennsylvania Higher Education Assistance Agency (aka the "PHEAA"). The DFPI's lawsuit asserted two causes of action. The first sought a court order requiring the PHEAA...
By: Allen Matkins