August 21, 2017
Tuesday’s Regulatory & Legislative Roundup
- The challenges associated with student loans are not improving says the Consumer Financial Protection Bureau (CFPB). Borrowers owing $50,000 or more have tripled in the past 12 years. Furthermore, many of these borrowers are not making use of income based plans. If borrowers took advantage of the plan, he or she would reduce the amount being payed out while remaining current on their loans.
- The city of San Antonio created a housing task force due to the city’s issue with gentrification and affordable housing. The task force intends to create a plan that will outlast the current mayor’s eight year term and reach the next generation. Mayor Nirenberg tasked Lourdes Castro-Ramirez to lead the task force.
