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Student Borrower Protection Center
The Student Borrower Protection Center (SBPC) is a nonprofit organization aimed at protecting borrowers of student loans and improving the student loan system. History The SBPC was founded in late 2018 by Seth Frotman, former student loan ombudsman at the Consumer Financial Protection Bureau (CFPB); Mike Pierce, former CFPB lead higher education and consumer protection adviser; and Bonnie Latreille, a former advisor to Frotman at the CFPB. They formed the Student Borrower Protection Center to address what they perceived as the Trump Administration’s favoritism toward the student loan industry with an aim of assisting student loan borrowers and reducing the growing amount of student debt held by Americans, stating that “the federal government hasn’t just walked away from the fight on behalf of borrowers, it is actually arming the other side.” The group also announced a partnership with the University of California, Irvine School of Law The University of California, Irvin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector. CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, and other financial companies operating in the United States. Since its founding, the CFPB has used technology tools to monitor how financial entities used social media and algorithms to target consumers. The CFPB's creation was authorized by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession. The CFPB's status as an independent agency has been subject to many challenges in court. In June 2020, the United States Supreme Court found the single-director structure removable only with-cause unconstitutional but allowed the agency to re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lesley Stahl
Lesley Rene Stahl (born December 16, 1941) is an American television journalist. She has spent most of her career with CBS News, where she began as a producer in 1971. Since 1991, she has reported for CBS's ''60 Minutes''. She is known for her news and television investigations, and award-winning foreign reporting. For her body of work she has earned various journalism awards including a Lifetime Achievement News and Documentary Emmy Award in 2003 for overall excellence in reporting. Prior to joining ''60 Minutes'', Stahl served as CBS News White House correspondent – the first woman to hold that job – during the Jimmy Carter and Ronald Reagan presidencies and part of the term of George H. W. Bush. Her reports appeared frequently on the ''CBS Evening News'', first with Walter Cronkite, then with Dan Rather, and on other CBS News broadcasts. During much of that time, she also served as moderator of ''Face the Nation'', CBS News' Sunday public affairs broadcast from September 198 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Higher Education Act Of 1965
The Higher Education Act of 1965 (HEA) () was legislation signed into United States law on November 8, 1965, as part of President Lyndon Johnson's Great Society domestic agenda. Johnson chose Texas State University (then called "Southwest Texas State College"), his alma mater, as the signing site. The law was intended "to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in postsecondary and higher education". It increased federal money given to universities, created scholarships, gave low-interest loans for students, and established a National Teachers Corps. The "financial assistance for students" is covered in Title IV of the HEA. The Higher Education Act of 1965 was reauthorized in 1968, 1972, 1976, 1980, 1986, 1992, 1998, and 2008. The current authorization for the programs in the Higher Education Act expired at the end of 2013 but has been extended through 2014 while Congress prepares changes and amend ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Purdue University
Purdue University is a public land-grant research university in West Lafayette, Indiana, and the flagship campus of the Purdue University system. The university was founded in 1869 after Lafayette businessman John Purdue donated land and money to establish a college of science, technology, and agriculture in his name. The first classes were held on September 16, 1874, with six instructors and 39 students. It has been ranked as among the best public universities in the United States by major institutional rankings, and is renowned for its engineering program. The main campus in West Lafayette offers more than 200 majors for undergraduates, over 70 masters and doctoral programs, and professional degrees in pharmacy, veterinary medicine, and doctor of nursing practice. In addition, Purdue has 18 intercollegiate sports teams and more than 900 student organizations. Purdue is the founding member of the Big Ten Conference and enrolls the largest student body of any individua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Trade Commission
The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection. The FTC shares jurisdiction over federal civil antitrust enforcement with the Department of Justice Antitrust Division. The agency is headquartered in the Federal Trade Commission Building in Washington, DC. The FTC was established in 1914 with the passage of the Federal Trade Commission Act, signed in response to the 19th-century monopolistic trust crisis. Since its inception, the FTC has enforced the provisions of the Clayton Act, a key antitrust statute, as well as the provisions of the FTC Act, et seq. Over time, the FTC has been delegated with the enforcement of additional business regulation statutes and has promulgated a number of regulations (codified in Title 16 of the Code of Federal Regulations). The broad statutory authority granted to the FTC prov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Upstart Holdings
Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness. The founding team includes Dave Girouard, former President of Enterprise Google, Paul Gu, a Thiel Fellow, and Anna Counselman, former Manager of Global Enterprise Customer Programs and Gmail Consumer Operations at Google. Upstart first launched in April 2012 with an Income Share Agreement (ISA) product, which enabled individuals to raise money by contracting to share a percent of their future income. In May 2014, Upstart pivoted away from this product and toward the personal loan marketplace. With this pivot, Upstart began offering a traditional 3-year loan, and has since expanded to offer a 5-year loan product as well. Upstart developed an income and default prediction model to determine creditworthiness of a potential borrower. This means that in addition to traditional underwrit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NAACP Legal Defense And Educational Fund
The NAACP Legal Defense and Educational Fund, Inc. (NAACP LDF, the Legal Defense Fund, or LDF) is a leading United States civil rights organization and law firm based in New York City. LDF is wholly independent and separate from the NAACP. Although LDF can trace its origins to the legal department of the NAACP created by Charles Hamilton Houston in the 1930s, Thurgood Marshall founded LDF as a separate legal entity in 1940 and LDF became totally independent from the NAACP in 1957. Janai Nelson currently serves as the eighth President and Director-Counsel, since March 2022. Previous Director-Counsels include Sherrilyn Ifill (2012-2022), John Payton (2008–2012), Ted Shaw (2004–2008), Elaine Jones (1993–2004), Julius Levonne Chambers (1984–1993), Jack Greenberg (1961–1984), and founder Thurgood Marshall (1940–1961). About While primarily focused on the civil rights of African Americans in the U.S., LDF states it has "been instrumental in the formation of simila ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Senate Committee On Banking, Housing, And Urban Affairs
The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency), also known as the Senate Banking Committee, has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development, mass transit and government contracts. The current chair of the committee is Democrat Sherrod Brown of Ohio, and the Ranking Member is Republican Pat Toomey of Pennsylvania. History The committee is one of twenty standing committees in the United States Senate. The committee was formally established as the "Committee on Banking and Currency" in 1913, when Senator Robert L. Owen of Oklahoma sponsored the Federal Reserve Act. Senator Owen served as the committee's inaugural chairman. Jurisdiction In accordance of Rule XXV ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
60 Minutes
''60 Minutes'' is an American television news magazine broadcast on the CBS television network. Debuting in 1968, the program was created by Don Hewitt and Bill Leonard, who chose to set it apart from other news programs by using a unique style of reporter-centered investigation. In 2002, ''60 Minutes'' was ranked number six on '' TV Guide''s list of the " 50 Greatest TV Shows of All Time", and in 2013, it was ranked number 24 on the magazine's list of the "60 Best Series of All Time". ''The New York Times'' has called it "one of the most esteemed news magazines on American television". Originally airing in 1968, the program began as a bi-weekly television show hosted on CBS hosted by Mike Wallace and Harry Reasoner. The two sat on opposite sides of the cream-colored set, though the set's color was later changed to black, the color still used today. The show used a large stopwatch during transition periods and highlighted its topics through chroma key—both techniques are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Service Loan Forgiveness
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 (CCRAA) to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. The program permits Direct Loan borrowers who make 120 qualifying monthly payments under a qualifying repayment plan, while working full-time for a qualifying employer, to have the remainder of their balance forgiven. The earliest time in which borrowers could receive forgiveness under the program was after October 1, 2017. The Department of Education reported that 2,215 borrowers had the remainder of their respective student loans forgiven under the program as of April 30, 2020 for a denial rate of 98.5%. The PSLF program has received criticism and has been the subject of litigation by loan-holders trying to discharge their student loans. Qualifying employers Government organizations or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trump Administration
Donald Trump's tenure as the List of presidents of the United States, 45th president of the United States began with Inauguration of Donald Trump, his inauguration on January 20, 2017, and ended on January 20, 2021. Trump, a Republican Party (United States), Republican from New York City, took office following his United States Electoral College, Electoral College victory over Democratic Party (United States), Democratic nominee Hillary Clinton in the 2016 United States presidential election, 2016 presidential election, in which he lost the popular vote to Clinton by nearly 3 million votes. Upon his inauguration, he became the first president in American history List of presidents of the United States by previous experience, without prior public office or military background. Trump made an unprecedented number of Veracity of statements by Donald Trump, false or misleading statements during his campaign and presidency. His presidency ended with defeat in the 2020 United States ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Federation Of Teachers
The American Federation of Teachers (AFT) is the second largest teacher's labor union in America (the largest being the National Education Association). The union was founded in Chicago. John Dewey and Margaret Haley were founders. About 60 percent of AFT's membership works directly in education, with the remainder of the union's members composed of paraprofessionals and school-related personnel; local, state and federal employees; higher education faculty and staff, and nurses and other healthcare professionals. The AFT has, since its founding, affiliated with trade union federations: until 1955 the American Federation of Labor, and now the AFL–CIO. History AFT was founded in Chicago, Illinois, on April 15, 1916. Charles Stillman was the first president and Margaret Haley was the national organizer. On May 9, 1916, the American Federation of Labor chartered the AFT. By 1919, AFT had 100 local affiliates and a membership of approximately 11,000 teachers, which amounted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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