December 2, 2009
Congress Mulls Consumer Protections as Colleges Increasingly Lend to Their Own Students
Washington
Congress is moving ahead on a package of proposals to improve credit protections for consumers that may lead lawmakers to examine the merits and dangers behind a growing practice: colleges that lend directly to their own students.
The legislation (HR 3126), scheduled for a vote next week on the floor of the U.S. House of Representatives, calls for the creation of a new federal watchdog agency, known as the Consumer Financial Protection Agency, that would be responsible for ensuring
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