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April 12, 2018
April 12, 2018

Massachusetts Senate OKs bill aimed at student loan lenders

7 News WHDH

BOSTON (AP) — The Massachusetts Senate has passed a bill supporters are calling a student loan bill of rights.

The bill —approved unanimously by the Senate on Wednesday — aims to will help protect students from unfair, predatory, and deceptive practices from student lending and loan servicing companies.

The bill would require a new licensing regime for student loan companies and build on Democratic Attorney General Maura Healey’s efforts to create a student loan ombudsman to be a one-stop shop to handle complaints of student loan abuse.

The proposal would also let the state Division of Banks better address student loan complaints.

The group MASSPIRG said similar bills have passed in Connecticut, Washington and Illinois and have been filed in a dozen other states.

The bill now goes to the Massachusetts House.

(Copyright (c) 2021 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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Trending

  • 7Weather: System Brings Rain, Snow and Wind Friday
  • Number of Mass. communities considered high-risk for coronavirus drops to 59
  • Authorities ID body pulled from water in Chicopee as missing 12-year-old boy
  • Official: Troopers, police faced ‘angry mob’ while arresting suspect on drug, weapons charges in Salem
  • 3 Mass. cities ranked among best places in America to ‘get stoned’
  • Brood X is almost here. Billions of cicadas to emerge in eastern US
  • Click here for more coronavirus coverage

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