E.D.N.Y.: Collection Agency Can Enforce Arbitration Clause of Underlying Credit Agreement

The Eastern District of New York just provided some relief for agencies embattled with class action lawsuits. In its decision in Clarke v. Alltran Financial, LP f/k/a United Recovery Systems, LP, 2018 WL 1036951 (E.D.N.Y. Feb. 22, 2018), the court found that a collection agency can enforce the arbitration clause of an underlying credit agreement that the consumer entered into with the original creditor. 

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» E.D.N.Y.: Collection Agency Can Enforce Arbitration Clause of Underlying Credit Agreement

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» DeVos to Assert that Only Department of ED, Not States, Can Regulate Student Loan Servicers

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DeVos to Assert that Only Department of ED, Not States, Can Regulate Student Loan Servicers

POLITICO has reported that Education Secretary Betsy DeVos plans to take actions that would prevent state regulators from exercising authority over student loan servicers. According to POLITICO, which obtained a draft of the “notice of interpretation,” DeVos argues that only the federal government, not the states, has the authority to oversee federal student loan servicers. 

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