McKeon takes aim at college loan industry

first_imgIn the wake of revelations of deceptive practices in the college loan industry, U.S. Rep. Howard “Buck” McKeon introduced a bill Monday to reform the way private lenders operate. The bill from McKeon, a Republican from Santa Clarita who is on the House Committee on Education and Labor, aims to establish codes of conduct for the college lending industry and improve disclosure for students. “This is an issue that there’s going to be a good amount of bipartisan cooperation on,” said Steve Forde, a spokesman for McKeon. Two months ago, committee chairman Rep. George Miller, D-Concord, introduced a bill similar to the one McKeon introduced Monday. The committee’s examination of the sometimes-cozy ties between lenders and universities comes as New York Attorney General Andrew Cuomo has publicized the results of his investigation on the topic. Interest rates on private loans can be as high as 19 percent, compared with 6.8 percent for the federal loans, according to Miller. The code of conduct McKeon presented in his bill would limit gifts and payments that lenders could offer financial aid officers at schools. Schools that recommend lenders would have to explain to students why it chose those lenders. “After months of revelations highlighting the extent of corruption in the student loan industry, we’re pleased to see that Mr. McKeon is now ready to work with us in protecting the interests of students and families,” said Rachel Racusen, a spokeswoman for Miller. McKeon lost the chairmanship of the Committee on Education and Labor when the Democrats won a majority in the last election. [email protected] (661) 257-5253 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more


first_imgKarl Lacey will be a key figure for Four Masters – when they face Bundoran in the relegation/promotion play-off.U12 Boys FootballTraining for next years U12 boys football team continues every Wednesday night at 6pm in Tír Cónaill, new players always welcome.Senior Men’s Football The senior men’s football team will play Bundoran in the play off to stay in Division 1 for 2016 after their win over Termon at the weekend.Bord na nÓg Awards NightThe Bord na nÓg awards night takes place on Sunday November 22nd in the St John Bosco Centre from 7pm to 9pm. All coaches and managers are asked to be there from 6pm to help set up the venue. GAA President Aogan O’ Fearghail will be in attendance on the night.‘Come Cook With Us’ Fundraiser This vital fundraiser for Bord na nÓg takes place on Thursday November 19th in the Abbey Hotel from 8pm. Tickets are available from all underage managers and are priced at €10. Contestants on the night include Austin O’Kennedy, Mark Sweeney and Davy Crawford among others. There will also be a comedian on the night alongside the cooking. All club members, parents, players and locals are asked to get behind this fundraiser, with all money raised on the night being reinvested in the underage of the club.SRB AGMWell done to Lee Jordan who  reelected as assistant secretary to the SRB.Club Lotto ResultThere was no winner of the Lotto Jackpot of €3,100 in Week 16 of the 2015/2016 season draw held in the Abbey Hotel on Monday November 2nd. The €25 winners in the Lucky Dip were Teresa Mc Gonigle, Ballyboyle, Brid Mc Ginley, New Row, Catherine Greene, Drimark and Mary Harley, c/o An Post.The numbers drawn were 4, 11, 16 & 19 with the jackpot now standing at €3,200. New members are still welcome so why not play online now at www.fourmastersgaa.comSenior Board AGMThe Senior Board AGM, Sunday 6th Dec , 7.30pm @Dom’s Pier 1. AGM nomination forms  available at Liam Mullin’s Shop, Abbey Hotel reception and from  club officers. Soft copy available on request by email to, [email protected] Scór na nÓgThe club entered a team into the Scór Céílí and quiz in the regional scór competition in Glenfin on Sunday. Thanks goes to all the participated on the day and to Paulline McGuire for organising.Good LuckBest wishes to the senior AVS boys football team who play Milford this Tuesday, a large number of club players are part of this squad. Hard luck to the senior AVS girls team who lost out to Glenties last week.GAA NEWS: FOUR MASTERS FACE BUNDORAN IN PROMOTION/RELEGATION PLAY-OFF was last modified: November 9th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:GAASportlast_img read more