To amend the Truth in Lending Act to prohibit predispute arbitration agreements that force arbitration of disputes arising from private education loans, and for other purposes.
To provide for the discharge of a private education loan in the case of death or total and permanent disability of a student obligor, and for other purposes.
To amend the Higher Education Act of 1965 to terminate capitalization of interest after forbearance and certain deferment periods.
To improve service to students and other participants in the Federal student financial assistance programs, to establish the Office of the Borrower Advocate to replace the Student Loan Ombudsman, and for other purposes.
Legislation
- H.R.____, “The Secure And Fair Enforcement Banking Act of 2019” [DRAFT]
Witness List
Panel I
- The Honorable Ed Perlmutter, Member of Congress
Panel II
- The Honorable Fiona Ma, California State Treasurer
- Maj. Neill Franklin (Ret.), Baltimore City & Maryland State Police Departments, and Executive Director, Law Enforcement Action Partnership (LEAP)
- Ms. Rachel Pross, Chief Risk Officer, Maps Credit Union, on behalf of Credit Union National Association (CUNA)
- Mr. Gregory S. Deckard, President, CEO and Chairman, State Bank Northwest, on behalf of Independent Community Bankers of America (ICBA)
- Mr. Corey Barnette, Owner, District Growers Cultivation Center & Metropolitan Wellness Center
- Mr. Jonathan H. Talcott, Chairman, Smart Approaches to Marijuana (SAM)
Legislation
- H.R.____, “ the Consumers First Act” [DRAFT]
Witness List
Panel I
- The Honorable Kathy Kraninger, Director, Consumer Financial Protection Bureau
Panel II
- Mr. Hilary Shelton, Director & Senior Vice President for Advocacy and Policy, National Association for the Advancement of Colored People
- Ms. Linda Jun, Senior Policy Counsel, Americans for Financial Reform
- Ms. Jennifer Davis, Government Relations Deputy Director, National Military Family Association
- Mr. Seth Frotman, Executive Director, Student Borrower Protection Center
- Mr. Scott Weltman, Managing Shareholder, Weltman, Weinberg & Reis Co., L.P.A.
Witness List
- Mr. Michael L. Corbat, Chief Executive Officer, Citigroup
- Mr. James Dimon, Chairman & Chief Executive Officer, JP Morgan Chase & Co.
- Mr. James P. Gorman, Chairman & Chief Executive Officer, Morgan Stanley
- Mr. Brian T. Moynihan, Chairman & Chief Executive Officer, Bank of America
- Mr. Ronald P. O’Hanley, President & Chief Executive Officer, State Street Corporation
- Mr. Charles W. Scharf, Chairman & Chief Executive Officer, Bank of New York Mellon
- Mr. David M. Solomon, Chairman & Chief Executive Officer, Goldman Sachs
Legislation
- H.R. ____, the “Protecting the Independent Funding of the Office of Financial Research Act” [DRAFT]
- H.R. ____, the “Leveraged Lending Data and Analysis Act” [DRAFT]
- H.R. ____, the “Leveraged Lending Examination Enhancement Act” [DRAFT]
Witness List
- Erik F. Gerding, Professor of Law & Wolf-Nichol Fellow, University of Colorado Law School
- Victoria Ivashina, Lovett-Learned Chaired Professor of Finance, Harvard Business School
- Gaurav Vasisht, Senior Vice President and Director, Financial Regulation Initiatives, The Volcker Alliance
- Gregory Nini, Assistant Professor of Finance, LeBow College of Business, Drexel University
Witness List
- Joe Sanders, Student Loan Ombudsman and Supervising Attorney, Consumer Fraud Bureau, Illinois Attorney General's Office
- Nicholas Smyth, Assistant Director for Consumer Financial Protection, Senior Deputy Attorney General, Pennsylvania Office of Attorney General
- Arwen Thoman, Director, Student Loan Assistance Unit, and Investigations Supervisor, Massachusetts Attorney General's Office
- Joanna Darcus, Massachusetts Legal Assistance Corporation Racial Justice Fellow, National Consumer Law Center
- Scott Buchanan, Executive Director, Student Loan Servicing Alliance
Sen. Richard Durbin (D-Ill.)
Rep. Nydia M. Velázquez (D-N.Y.)
Rep. Ben Cline (R.-Va.)
Rep. Antonio Delgado (D-N.Y.)
Panel Two:
Ms. Hollister K. Petraeus
Former Assistant Director, Consumer Financial Protection Bureau's Office of Servicemember Affairs
Mr. Robert Keach on behalf of The American Bankruptcy Institute
Mr. Ed Boltz Esq. on behalf of The National Association of Consumer Bankruptcy Attorneys
Mr. John Rao on behalf of The National Consumer Law Center
Ms. Dalié Jiménez
Professor, University of California Irvine School of Law
The Honorable Thomas Small on behalf of The National Bankruptcy Conference