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5 Dec 2018, 1:01 pm by Brian Slagle
The SBPC continues Frotman’s rehetoric with the accusations that when borrowers default, “it is often as a direct result of widespread illegal practices by student loan servicers” and that servicers “use the full weight of the government to wreak havoc on borrowers. [read post]
11 Jun 2019, 4:38 am by John L. Culhane, Jr.
  In her letter, Director Kraninger stated that since December 2017, based on such guidance, student loan servicers have declined to produce information requested by the Bureau’s examiners in connection with examinations related to Direct Loans and Federal Family Loan Program loans held by the ED. [read post]
30 Jul 2012, 4:30 am by Stefanie Jackman
Moreover, these groups assume that short-term, small-dollar loans are inherently bad and should not be available in the marketplace. [read post]
26 Apr 2017, 10:10 am by John L. Culhane, Jr.
A group of 20 state attorneys general, the D.C. attorney general, and the Executive Director of the Office of Consumer Protection of Hawaii have sent a letter to U.S. [read post]
6 Jan 2016, 5:17 am by Antonia Gold, Olswang LLP
This case concerns a dispute between HMRC and the Shop Direct Group as to whether a VAT repayment and an interest payment thereon are taxable to corporation tax. [read post]
4 Mar 2019, 11:07 am by Alan S. Kaplinsky
The CFPB and the two industry trade groups that filed a lawsuit in a Texas federal district court challenging the CFPB’s final payday/auto title/high-rate installment loan rule (Payday Rule) filed a status report with the court on March 1. [read post]
22 Aug 2023, 9:00 pm by Sherica Celine
Higher Premiums/Fees Although direct loans have shorter maturities of five to six years compared to long-dated corporate bonds, direct loans are often repaid or refinanced prior to maturity, but at a cost to borrowers. [read post]
8 Aug 2019, 9:09 am by Jeremy T. Rosenblum
The Texas federal district court hearing the lawsuit filed by two trade groups challenging the CFPB’s final payday/auto title/high-rate installment loan rule (Payday Rule) entered an order on August 6 that once again continues the stay of the lawsuit and the August 19, 2019 compliance date for both the Payday Rule’s ability-to-repay (ATR) provisions and its payment provisions. [read post]
23 Aug 2019, 9:53 am by Stephanie Sundier
Applicable debt liabilities that can be discharged under the Higher Education Act include the Federal Family Education Loan Program loans, Federal Direct loans and Federal Perkins loans. [read post]
16 Jun 2023, 8:50 am by Christie D. Arkovich, P.A.
For separate applications, the remaining co-borrower who did not apply to separate the joint debt will not receive this benefit until and unless the borrower applies to consolidate the remaining loan into a Direct Consolidation Loan. [read post]
20 Jan 2017, 12:53 pm by The Sader Law Firm
However, it may also be set by the Education Department if your loan was assigned to the department’s Default Resolution Group. [read post]
27 Mar 2018, 5:02 pm by Wolfgang Demino
Through the Access Group National Loan Program ("Access Loan Program"), Access offers both federally guaranteed and private, guaranteed education loans. [read post]
10 Dec 2019, 8:12 am by Jeremy T. Rosenblum
The Texas federal district court hearing the lawsuit filed by two trade groups challenging the CFPB’s final payday/auto title/high-rate installment loan rule (Payday Rule) entered an order on December 6 that once again continues the stay of the lawsuit and the August 19, 2019 compliance date for both the Payday Rule’s ability-to-repay (ATR) provisions and its payment provisions. [read post]
4 Nov 2022, 2:50 am by Mona Morton
Online direct lenders allow you to get immediate access to your loan. [read post]
29 Mar 2018, 12:18 pm by Brian Slagle
The Student Loan Servicing Alliance, a trade group representing student loan servicers, has sued the District of Columbia to enjoin the operation of Law 21-214, the Student Loan Ombudsman Establishment and Servicing Regulation Amendment Act of 2016. [read post]
15 May 2020, 9:14 am by Alan S. Kaplinsky
The Texas federal district court hearing the lawsuit filed by two trade groups challenging the CFPB’s final payday/auto title/high-rate installment loan rule (Payday Rule) entered an order yesterday that once again continues the stay of the lawsuit and the August 19, 2019 compliance date for both the Payday Rule’s ability-to-repay (ATR) provisions and its payment provisions. [read post]
17 May 2019, 12:28 pm by Silver Law Group
Silver Law Group represents investors in securities and investment fraud cases. [read post]
With the return to repayment of federal student loans on February 1, 2022 quickly approaching, the Department of Education’s Office of Federal Student Aid (FSA) recently notified the private collection agencies (PCAs) under contract with FSA to collect Direct Loans that it would begin the process of recalling approximately 5.1 million borrower accounts and winding down the PCAs’ contracts. [read post]
17 Nov 2014, 9:30 pm by Isabel Abreu
Department of Education, in 2007 borrowers owed over one hundred billion dollars in outstanding Direct Loans. [read post]