Fri.Jan 14, 2022

Daily Digest – January 14. Navient to Cancel $1.8B in Student Loans; CFPB Warns Medical Debt Collectors

Account Recovery

NAVIENT TO CANCEL $1.8B IN STUDENT LOANS UNDER DEAL WITH STATE AGS A deal was announced yesterday between student loan servicer Navient and 39 state attorneys general that will see the company pay $145 million in restitution and cancel $1.7

A Business Owner's Task List for the New Year

Enterprise Recovery

While individuals attempt to keep their New Year's resolutions, new and growing businesses can also prepare for the year ahead. By setting up for success in January and February, you and your business are getting ahead of the curve so the rest of the year runs smoothly.


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Trending Sources

NACA Calls for FDCPA, FCRA Penalties to be Increased

Account Recovery

Statutory penalties under the Fair Debt Collection Practices Act and the Fair Credit Reporting Act should be tied to inflation and are being devalued because they represent monetary amounts that have not kept up with the times, according to an essay published by the National Association of Consumer Advocates.

How to Have the Wedding You Want for Less

Nerd Wallet

This one goes out to all you lovebirds who got engaged over the holidays and are now left planning a wedding with zero event-planning experience. Somehow you’re expected to craft a day that’s traditional, yet modern. Well-attended, yet intimate.


How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Landmark Strategy Group’s Mark Lesinski Helps Pack Holiday Meals on Wheels

Account Recovery

BUFFALO, N.Y. Mark Lesinski, Owner and President at Landmark Strategy Group, LLC, is a volunteer with FeedMore WNY, a nonprofit organization dedicated to feeding neighbors in need across Western New York. The organization encompasses both a food bank and the area Meals on Wheels program.

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More Trending

CFPB Warns Medical Debt Collectors About Not Complying With No Surprises Act

Account Recovery

Companies that collect medical debt were put on notice yesterday by the Consumer Financial Protection Bureau to make sure that the debts they are trying to collect are not prohibited under the recently enacted No Surprises Act.

The NerdWallet guide to finding the best car insurance rate

Nerd Wallet

Comparison shopping is crucial if you want to save money on car insurance. Here’s why: Insurers look at similar factors, but they have their own “secret sauce” when it comes to setting rates. So two companies can charge wildly different rates for the same driver.

Supreme Court Blocks Vaccine Mandate For Large Employers

Account Recovery

What is Medicare Extra Help?

Nerd Wallet

Extra Help is a federal program that helps Medicare beneficiaries with low income and limited resources pay for prescription drugs with Medicare Part D.


Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

Navient to Cancel $1.8B in Student Loans Under Deal with State AGs

Account Recovery

A deal was announced yesterday between student loan servicer Navient and 39 state attorneys general that will see the company pay $145 million in restitution and cancel $1.7

GAO Report Indicates Tightening Regulations Coming on Crypto ATMs

Troutman Sanders

The Guide for American Airlines Flights to Las Vegas

Nerd Wallet

Whether you’re in it for the casinos, shows or outdoor activities, there are plenty of reasons to head to Sin City. American Airlines flights to Las Vegas depart from airports all over the country, with plenty of deals to be had.


Female bloggers making waves in personal finance


We’re featuring women who can help you pay off debt, grow your wealth, and live the lifestyle you're dreaming of. Thanks to the internet, we have instant access to a range of female bloggers who are experts in "personal finance" and helping to transform our attitudes about money.


American Family Renters Insurance Review 2022

Nerd Wallet

Wisconsin-based American Family offers many ways to customize your renters policy, including coverage for valuables, identity fraud and the breakdown of electronic devices.


U.S. Supreme Court Dissolves Injunction of CMS Vaccine Rule

Burr Forman

On January 13, 2022, the United States Supreme Court, in a 5 to 4 vote, granted the government’s request to overturn the injunction on The Centers for Medicare and Medicaid (CMS) interim final rule requiring vaccinations of employees at certain Medicare and Medicaid-certified facilities.

What to Know About Flying Semiprivate on Aero

Nerd Wallet

The author flew as a guest of the airline on a flight that would have otherwise cost $950 one-way. However, the author’s opinions are his own and this article hasn’t been reviewed or approved by Aero.


Chapter 7 bankruptcy: Dischargeable vs. nondischargeable debts

Roths Child Law

When there is no other way out of your current financial situation, filing for bankruptcy may be your only option. When you decide to declare bankruptcy, you expect to be relieved of your debts and get your finances in order.

Chase’s Freedom Cards Tweak Bonuses, End Grocery Benefit

Nerd Wallet

The Chase Freedom Flex?


How do you know which bank is best for refinancing?


When interest rates climb, so does the amount of money you pay to borrow those funds. Choose a financial institution that’s best for you and your money. Debt Management

January Update: Legal, Legislative and Regulatory Developments Impacting the Michigan Cannabis Industry


Despite some bumps in the road—which are to be expected for any nascent industry—the year 2021 was a remarkable and record-breaking one for the legal cannabis industry in Michigan. As we gear up for what’s ahead in 2022, here are a few recent, noteworthy developments that those competing in the industry should be aware of. Governor Signs Legislation Easing Financial Reporting Requirements for Medical Marijuana Growers.

Student loan lawyer Joshua Cohen video explaining the Navient student loan settlement

Public Citizen

  Student Loans

SoFi Gets OCC Approval to Acquire National Bank — But Must Stay Away From Crypto

Troutman Sanders

On January 18, the Office of the Comptroller of the Currency (OCC) conditionally approved an application by Social Finance Inc. SoFi) to acquire Golden Pacific Bank, National Association, so long as the new bank does “not engage in any crypto-asset activities or services.”.

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Navient required to cancel $1.7 billion in student loans

Public Citizen

CNBC reports that Navient, one of the largest student loan servicers, will cancel $1.7 billion in private student loans under a settlement with 39 states. The settlement, announced yesterday, resulted from accusations the lender gave out loans to millions of borrowers who would be unlikely to be able to repay them. The article is here

CFPB Report Highlights Mortgage Servicing Examination Findings

Troutman Sanders

On December 8, 2021, the Consumer Financial Protection Bureau (CFPB) published the 25th edition of its Supervisory Highlights report , which summarized key findings from examinations completed between January 2021 and June 2021.

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Diversity at the Federal Reserve is related to lending practices

Public Citizen

Read Board Diversity Matters: An Empirical Assessment of Community Lending at Federal Reserve-Regulated Banks by profs Brian Feinstein, Peter Conti-Brown, and Kaleb Nygaard. Here is the abstract: This working paper shows that the increased presence of minority directors on the twelve regional Federal Reserve Banks — the quasi-governmental entities responsible for evaluating many commercial banks’ lending to underserved communities — is associated with greater lending to these communities.

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