http://www.washingtonwatch.com/bills info@washingtonwatch.com http://www.pjdoland.com/chai/?v=0.1 http://www.washingtonwatch.com/bills/history/110_SN_2894.html?rev=22964 <p>An original bill to establish requirements for private lenders to protect student borrowers receiving private educational loans.</p> <h2 id="toc0"> Detailed Summary </h2> <p>Private Student Loan Transparency and Improvement Act of 2007 - Amends the Truth in Lending Act to prohibit a private educational lender from: (1) offering or providing any gift to specified educational institutions or their personnel in exchange for any advantage or consideration provided to such lender related to its educational loan activities; or (2) engaging in revenue sharing with such institutions.</p> <p>Prohibits such lender from marketing loans in any way that implies the institution endorses the lender's private educational loans (co-branding).</p> <p>Prohibits an employee in the financial aid office of an educational institution who has responsibilities regarding financial aid, and also serves on an advisory group established by a lender, from receiving anything of value from such lender.</p> <p>States it is unlawful for a lender to impose a fee or penalty for early repayment or prepayment of any private educational loan.</p> <p>Sets forth mandatory terms and disclosures governing private educational loans.</p> <p>Requires the lender to disclose before the loan transaction is consummated the terms governing the interest rate and payments.</p> <p>Requires the appropriate federal financial supervisory agency to give a private educational lender credit toward meeting community credit needs, for purposes of the Community Reinvestment Act of 1977, for making low-cost private educational loans to low-income borrowers.</p> <p>Directs the Secretary of the Treasury to engage in specified coordinated education efforts to enhance financial literacy among students at institutions of higher education.</p> <p>Directs the Comptroller General to study and report to Congress on the impact on borrowers of the inclusion of nonindividual factors, including cohort default rate, accreditation, and graduation rate at institutions of higher education, used in the underwriting criteria to determine the pricing of private educational loans.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc1"> Status of the Legislation </h2> <p>Latest Major Action: 4/21/2008: Placed on Senate Legislative Calendar under General Orders. Calendar No. 702.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc2"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc3"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 22964@http://www.washingtonwatch.com Tue, 29 Apr 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_SN_2894.html?rev=22459 <p>An original bill to establish requirements for private lenders to protect student borrowers receiving private educational loans.</p> <h2 id="toc4"> Detailed Summary </h2> <p>(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc5"> Status of the Legislation </h2> <p>(Log in to edit the wiki and be the first to update the status of the bill!)</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc6"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc7"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 22459@http://www.washingtonwatch.com Tue, 22 Apr 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_SN_2894.html?rev=22460 <p>An original bill to establish requirements for private lenders to protect student borrowers receiving private educational loans.</p> <h2 id="toc8"> Detailed Summary </h2> <p>(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc9"> Status of the Legislation </h2> <p>Latest Major Action: 4/21/2008: Placed on Senate Legislative Calendar under General Orders. Calendar No. 702.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc10"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc11"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 22460@http://www.washingtonwatch.com Tue, 22 Apr 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_SN_2894.html 4/21/2008: Placed on Senate Legislative Calendar under General Orders. Calendar No. 702. 34824@http://www.washingtonwatch.com Mon, 21 Apr 2008 00:00:00 EDT