Advocacy group Center for Responsible Lending conducts research and promotes financial fairness.
“Anything could happen, because it is litigation. We see that the courts every day are overturning something that has been done years ago, and so they can overturn it, or they can affirm what is already in place right now,” said Jaylon Herbin, the director of federal campaigns for the nonprofit.
5 On Your Side asked Herbin if he believes borrowers could be in another limbo situation if more litigation pops up.
“Yes, I think what can happen is this: we have two years left in this current administration, but we also have advocacy that's taking place right now,” he responded. “The advocacy that's taking place right now is asking for a payment pause, currently, so that people can have enough time to review everything.”