I thank the Senator from Illinois for his leadership on this issue, and the answer is yes. This would have permitted 25 million Americans to refinance their student loans down to lower interest rates, thereby putting hundreds, even…

I rise today to urge my colleagues to support the Bank on Students Emergency Loan Refinancing Act, which is currently pending before the Senate. This legislation would reduce student loan debt for millions of Americans and provide relief…

I ask unanimous consent that the order for the quorum call be rescinded. The ACTING PRESIDENT pro tempore. Without objection, it is so ordered. The Senator from Massachusetts.

Good. I am very glad to hear that.

So the bottom line is that when a customer thinks he has been cheated or that a bill is wrong, an arbitration clause in his contract makes it nearly impossible for him to get any real help.

I do anticipate it is going to be this year.

forcing customers into an arbitration system that banks control is just another way to tilt the playing field against consumers.

if the evidence supports it, the Bureau is willing to issue rules regarding forced arbitration?

earlier today, the Senate confirmed Mark Mastroianni to fill a judicial vacancy in Western Massachusetts on the District Court for the District of Massachusetts. Mr. Mastroianni came highly recommended by the Advisory Committee on…

outstanding student loans now total more than $1.2 trillion and millions of young people are struggling to keep up with their payments. But we have a chance to give those borrowers immediate relief by cutting the interest rates on existing…

Just because you have a low default rate does not mean that individuals are not mired in high amounts of debt.

When loan servicers break the rules, they push borrowers to do things that are good for the bottom line of the servicer.