November 14, 2007

Bankers Dislike Bill's Provisions Weakening Rules on Data, Which Could Benefit an Arizona Company

By Paul Basken

Washington

Protests might have been expected after Democrats in the House of Representatives, as part of a major higher-education bill introduced last week, proposed weakening federal rules that restrict student-loan providers from releasing their borrowers' personal data.

Less predictable was that the protests would be led by the lenders.

The president of the Consumer Bankers Association, Joe Belew, has written to the bill's lead author, Rep. George Miller of California,

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