Back in September new financial responsibility reporting requirements were released as part of the borrower defense to repayment regulations package. The changes are intended to remedy past inconsistent ratio interpretive issues and pronouncements by FASB. ED recently released a Q&A to provide clarity on the…
Read More >The regulations under the 2016 Borrower Defense To Repayment established a standard procedure for ED to follow when evaluating borrower defense to repayment discharge claims for loans that were first disbursed prior to July 1, 2020. When a borrower makes a claim and attempts to…
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