A.G. Underwood Leads Bipartisan Amicus Brief Opposing Efforts To Undermine States' Role In Prote
A.G. Underwood office press release -------- New York Attorney General Barbara D. Underwood – leading a bipartisan coalition of 16 Attorneys General – filed an amicus brief in a lawsuit that challenges the states’ ability to regulate student loan servicers. In that lawsuit, the Student Loan Servicing Alliance sued the District of Columbia to prevent the enforcement of a D.C. law that regulates student loan servicers, asserting that the law is preempted by federal law. In a sharp reversal of long-standing federal policy, the U.S. Department of Justice filed a “statement of interest” in the lawsuit asserting that student loan servicers’ conduct should be governed exclusively by federal law. The Attorneys General coalition emphasizes the critical role historically played by the States in protecting borrowers from servicer misconduct – a role previously acknowledged and welcomed by the federal government. To learn more click on the picture below to read the release.