I could easily see this being adopted in more states. What are your thoughts on bills like this?
"...the California Assembly passed a first-in-the-nation “Student Borrower Bill of Rights,” which aims to protect borrowers with student loans. ...
'Multiple investigations have shown that loan servicers routinely lose paperwork, misapply payments, provide borrowers inaccurate information, and even steer them into more costly repayment options with virtually no accountability,' said Suzanne Martindale, senior policy counsel and western states legislative manager for Consumer Reports, which co-sponsored the legislation. 'At a time when the U.S. Department of Education has refused to set loan servicing standards to help borrowers, it’s critical for states like California to lead the way and address these longstanding abuses.' ..."
Without running amok of the 5 things - I think what states are willing to adopt this are at the mercy of their general assembly/house/senate make-ups.
As somone who was a victim of incompetence (I'd prefer to think that instead of straigth up maliciousness), I'd like to see these enacted everywhere, at a minimum.