Accounts

CFPB Announces Proposed Settlement of Lawsuit Alleging Short-Term Loan Provider Violated UDAAP Ban on CFPA Under Deposit Account Program | Ballard Spahr srl

CFPB announced last week that he entered into a proposed settlement with Driver Loan, LLC (“Driver Loan”) and its managing director to settle the lawsuit in November 2020 which he filed against Driver Loan and its CEO alleging that the defendants engaged in deceptive acts and practices in violation of …

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I can barely pay my student loans. What to do?

Q. I can barely make my student loan payments and have heard that they might write off some debt? I don’t want to ruin my credit but I really can’t afford it. I’m unemployed and my benefits will run out soon and I don’t want to have to file for …

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Madison Realty Capital Offers $ 30 Million Inventory Loan

NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) – Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided an initial mortgage loan of $ 30 million to Metropica Development for a ten-acre condominium tower and development …

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Congress advances repeal of short-term loan rule

When Ohio passed a law limiting the fees and interest payday lenders could charge borrowers, most believed it would end the practice of costing people exorbitant amounts of money. But a federal rule has allowed short-term lenders to circumvent state laws. Congress is now working to repeal the rule. In …

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I’m disabled. Can my student loans be canceled?

Q. I have been totally disabled since 2011 and in 2016 when I turned 65 my disability switched to Social Security retirement benefits. I understand that a student loan forgiveness is underway for people with disabilities. I am now on the verge of turning 70. Will I be eligible for …

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This college just canceled student loans for all of its new graduates

President Joe Biden (Photo by Erin Scott-Pool / Getty Images) Getty Images Surprise, this college has just canceled student loans for all of its new graduates. Here’s what you need to know. Student loans Student loan cancellation for all graduates Wilberforce University, America’s oldest historically black private university, surprised its …

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Federal Student Loans: Department of Education Reverses Trump-Era Policy Limiting State Oversight of Student Loan Service Companies and Debt Collectors

Richard Cordray, the head of the federal student aid bureau, announced new direction Friday, he said, “would make it easier” for attorneys general and state regulators to get information from the FSA and companies the education department hires to run the federal student loan program. The new direction is a …

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6th Circ. Blocks SBA COVID-19 Minority Loan Priority

Through Archive Email Hailey Konnath “href =” https://www.law360.com/hospitality/articles/1389372/# “> Hailey Konnath Law360 provides free access to its coronavirus coverage to ensure that all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to subscribe to one of our weekly newsletters. …

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What Biden’s Budget Means for Your Student Loans

President Joe Biden (Photo by Win McNamee / Getty Images) Getty Images This story is developing. President Joe Biden released his new annual budget today. Here’s what you need to know – and what it means for your student loans. Student loans Biden posted a $ 6 trillion budget Today’s …

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