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After Navient was banned from federal student-loan servicing, Elizabeth Warren told BI it's a warning to other servicers: "Their days are numbered." Student-loan companies that don't do their jobs ...
But that's a bold exaggeration, as it includes $3 billion in stimulus funds set aside for revitalization efforts nationwide, and $5.5 billion in federal community development grants. The more than $8 billion number was based on the false assumption that ACORN would apply for and win every project and grant in the country, and in fact ACORN did ...
Specifically, the organization calls for the return of standard consumer protections to student loans, including bankruptcy protections and statutes of limitations. The organization also calls for the removal of exemptions given uniquely to the student loan industry from Fair Debt Collection Practices Act, the Truth in Lending Act, and state usury laws. [1]
An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. [ 1 ][ 2 ] If a victim makes the payment, the ...
The Education Secretary on Thursday announced a settlement of claims that would give roughly 264,000 student loan borrowers approximately $7.5 billion in debt relief. The settlement resolves a ...
Loaded 0%. Target's (TGT) sales may face a hit as student loan repayments restart in early September as part of the debt ceiling deal, JPMorgan warned Thursday afternoon. "Target over-indexes to ...
Educational Credit Management Corporation (ECMC) is a United States nonprofit corporation based in Minnesota. Since 1994, ECMC has operated in the areas of student loan bankruptcy management and loan collection. ECMC is one of a number of guaranty agencies that oversee student loans for the United States Department of Education.
The SAVE plan was created to fix some long-standing problems with earlier income-driven repayment plans, or IDRs. It also debuted a month after the Supreme Court blocked Mr. Biden's plan to erase ...