CHICAGO (WLS) — Former students of the now-defunct ITT Tech in Illinois will receive student loan debt relief thanks to settlements with Attorneys General across the country. Illinois Attorney General Kwame Raoul announced Tuesday that more than $9.4 million in … Continue reading →
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The industry has largely praised the Consumer Financial Protection Bureau’s cautious approach to regulating debt collection, but at the same time the agency has been willing to punish collectors that it sees treating borrowers unfairly. The agency is expected to … Continue reading →
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J. Crew has a chance to recapture its cool factor. The parent company, J. Crew Group, has emerged from bankruptcy, completing a four-month restructuring process involving sharply reducing its debt and bringing in new ownership. On Friday, the company said … Continue reading →
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Photo: Richard Drew ALBANY — The state attorney general’s office has reached an agreement with a student debt collection firm that will result in the dismissal of thousands of lawsuits the company brought against student borrowers. The office of Attorney … Continue reading →
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Several Amherst-based debt collection companies, two owners and two of their managers are being sued by state Attorney General Letitia James and the Consumer Financial Protection Bureau for allegedly using illegal methods to demand payment of debts, James announced. Named … Continue reading →
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Even since a major reform of the bankruptcy laws in 2005, discharging private student loans through bankruptcy has been very difficult if not almost impossible. But on Aug. 31, 2020, a court affirmed the cancellation of nearly $200,000 in student … Continue reading →
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A recent court decision involving Navy Federal Credit Union could have long-term ramifications in the courtroom for other FCUs. The U.S. Court of Appeals for the Fourth Circuit recently overturned a district court’s decision, ruling that federal charters, including as … Continue reading →
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Cathy Munzer is a single mother who lost her health insurance during the coronavirus pandemic. Munzer, who was a yoga and fitness instructor at two major gyms in Manhattan, was laid off in March and has struggled to find work. … Continue reading →
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Credit card companies are incentivizing those willing to pay their dues following the repayment moratorium, while some have increased penalties for errant customers in a move to check defaults. India’s largest credit card company, SBI Cards, is encouraging customers to … Continue reading →
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In Hammer v. Equifax, the Fifth Circuit affirmed the district court’s dismissal of FCRA claims against Experian and Equifax in a September 9, 2020 published decision. Accepting the allegations of the twice amended complaint as true, Plaintiff obtained a Capital … Continue reading →
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