CECU Daily Update Email

​Education Politics and Policy
CFPB Puts New Limits on How it Regulates ‘Abusive’ Practices - Politico
The Consumer Financial Protection Bureau on Friday issued a new policy on how it will go after companies for “abusive” practices against consumers, imposing new restrictions on when the agency will bring those types of enforcement actions under federal consumer protection law.
 
West Virginia Senate passes bill to give students college, wage data – WBOY
Lawmakers on Monday unanimously approved the measure, dubbed the Students’ Right-to-Know Act. It now moves to the House of Delegates for consideration.
 
Aiming to rein in student loan industry, Virginia House passes ‘borrowers bill of rights’ – Fredriskburg.com
Legislation aimed at forcing student loan service companies to be more transparent and forthcoming in their dealings with borrowers cleared the House of Delegates with bipartisan support Monday.
 
Democratic candidates are promising student loan debt forgiveness, but do voters care? – USA Today
But while campaigns have made college financing a major issue, and are likely to continue doing so in the final push before the Iowa Democratic caucus on Feb. 3, some voters say it’s just one of many factors that will impact who they cast their vote for. 

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​Spotlight
Universal Technical Institute’s core automotive program outfitted with Volvo’s Advanced and Electrified Vehicles
Volvo Cars USA LLC has announced it will contribute 36 new vehicles to include twin-engine plug-in hybrid vehicles to Universal Technical Institute’s core automotive training program as part of its national Vehicle Lease Program for Schools initiative. 

​Education News
Maine Moves Ahead With Unified Accreditation – Inside Higher Ed
The state’s university system aims to become first in the nation to accredit its institutions jointly instead of individually. Officials say it will help meet challenges of tighter budgets and shrinking numbers of students.
 
For Many, A College Degree Is A Bad Investment – Forbes
For every 100 students entering a four-year college on a full-time basis, only about 60 obtain a bachelor’s degree after six (not the advertised four) years.
 
K12 Eyes Further Deals After $165M Acquisition of Coding Bootcamp Galvanize – EdSurge
Another bootcamp has been gobbled up by an education technology company looking to break into the corporate learning and career readiness market. This time, publicly traded virtual schooling and education management provider K12 paid $165 million in cash to buy Denver-based coding bootcamp Galvanize.