On January 11, 2023, the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) announced designs to create a public registry of terms and conditions in form contracts. Under the proposed rule (“Rule”), certain nonbank entities, including nonbank student loan servicers, would be required to register and submit information related to its terms and conditions that purport to waive or limit consumer rights and protections, along with identifying company information. The Bureau has opened up the Rule for a sixty-day comment period (closing on March 13, 2023), after which decisions will be made on its final form. Continue reading “Consumer Financial Protection Bureau Proposes Mandatory Registration of Terms and Conditions: Nonbank Student Loan Servicers Among Those Potentially Impacted”
The Federal Motor Carrier Safety Administration Waives Certain Skills Test Requirements for School Bus Drivers
On Tuesday, January 4, 2022, the Federal Motor Carrier Safety Administration (FMCSA), in coordination with the Department of Education, announced that it was relaxing certain standards of the commercial driver’s license (CDL) skills test for school bus driver applicants. Specifically, the action would give States the option to temporarily waive one provision of the skills test that requires applicants to identify the “under the hood” engine components. Effective January 3, 2022, this temporary waiver expires on March 31, 2022. The remaining elements of the test (outlined in 49 CFR 383.113(a)(1)(ii-ix) remain effective. Continue reading “The Federal Motor Carrier Safety Administration Waives Certain Skills Test Requirements for School Bus Drivers”