; or (II) the Secretary, in consultation with the Chief Operating Officer of Federal Student Aid, has promulgated regulations to establish an alternative requirement or standard with respect to such entity or class of entities that better benefits or protects borrowers and the Director incorporates such requirement or standard that better benefits or protects borrowers into regulations promulgated under subparagraph (A). (ii) Reports The Director shall report to the Committee on Banking, Housing, and Urban Affairs of the Senate, the Committee on Health, Education, Labor, and Pensions of the Senate, the Committee on Financial Services of the House of Representatives, and the Committee on Education and the Workforce of the House of Representatives on any regulations promulgated under clause (i). (18) Postsecondary educational lenders or servicers and contracts or subcontracts (A) In general Any person or entity that enters into a contract or subcontract with a postsecondary educational lender or servicer to perform the servicing of a postsecondary educational loan may fulfill the obligations of the postsecondary educational lender or servicer under this subsection. (B) Joint and several liability for service providers Any entity or person described in subparagraph (A) shall be jointly and severally liable for the actions of the entity or person in fulfilling the obligations of the postsecondary educational lender or servicer under this subsection. ; and (B) by adding at the end the following: (g) Information To be available at no charge The information required to be disclosed under this section shall be made available at no charge to the borrower. ; and (2) in section 130(a)— (A) in paragraph (3), by striking 128(e)(7) and inserting 128(e)(11)