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Technical Corrections to Student Debt Relief Scams Act

This act introduces technical corrections to existing laws concerning student debt relief scams. Its purpose is to clarify rules for organizations assisting with debt management to access student data, potentially enhancing the safety and transparency of services for indebted individuals.
Key points
Clarifies who can access student data for student loan services and under what conditions.
Requires for-profit organizations providing free services to be approved by the Secretary of Education and act in the best interest of students.
States that the Secretary of Education has discretion in approving and revoking third-party access to the data system.
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Additional Information
Stop Student Debt Relief Scams Technical Corrections Act
Print number: S 995
Sponsor: Sen. Baldwin, Tammy [D-WI]
Process start date: 2021-03-25