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The IMF changed its unit of account to the SDR, and the pricing of SDRs was changed from gold to a basket of paper currencies.
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But the bigger challenge is reducing the cost of tuition in the first place.
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Indeed, the Bureau is issuing concurrently with this proposal a Request for Information (the Accompanying RFI) which solicits information and evidence to help assess whether there are other categories of loans for which lenders do not determine the consumer's ability to repay that may pose risks to consumers.
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Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees and expenses.
We were not notified of the change and the payee information did not change so it was not obvious to us that there was a change.
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The conditions that would apply under § 1041.
20 September 2015
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