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A recent survey by the Consumer Financial Protection Bureau found that among borrowers who had only used a standard, 10-year repayment plan, 31% did not know they could choose an alternative.. In ...
"It's a significant issue, and sometimes there are kids who won't eat because they know they're accumulating debt," says one free-lunch advocate. Student lunch debt is a growing problem in ...
The White House said Friday it approved another $4.28 billion in student debt cancellation for 54,900 additional public service workers in what could be one of the Biden Administration's final act ...
Virginia differs from many other states in that it does not provide for a right of redemption, by which a debtor can reclaim the property if they raise the money to pay the debt after the foreclosure sale. Furthermore, the debtor can not force the creditor to claim personal property ahead of real property.
A debt buyer is a company, sometimes a collection agency, a private debt collection law firm, or a private investor, that purchases delinquent or charged-off debts from a creditor or lender for a percentage of the face value of the debt based on the potential collectibility of the accounts. The debt buyer can then collect on its own, utilize ...
The Term Asset-Backed Securities Loan Facility (TALF) is a program created by the U.S. Federal Reserve (the Fed) to spur consumer credit lending. The program was announced on November 25, 2008, and was to support the issuance of asset-backed securities (ABS) collateralized by student loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration (SBA).
The Biden administration this week reinstated a stricter gainful employment rule, toughening one accountability metric and adding a new one.
As of June 18, 2010, the Bureau of Public Debt assists other government agencies in the reduction and prevention of improper payments by federally funded programs being issued. With the establishment of a single point of entry for these government funded paying agencies, determining eligibility for a grant, benefit, or contract award can be done.