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Lead Author: Mark Stone

Summary: Under the Trump Administration, the federal government has dramatically stepped back from its duty to protect education consumers — students — from unscrupulous practices. In 2018, the CFPB even shuttered the office investigating student loan abuses and fraud. AB376 will protect students by ending abusive practices, creating new rules for loan providers, creating special protections for vulnerable borrowers and increasing transparency from the loan industry. This bill did not receive a floor vote in the Senate.