ABI

JANUARY 12, 2022

In general, student loan debt is not dischargeable in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of undue hardship. x] The court’s determination was based upon, among other things, his young age, high-level of education, and previous history of holding steady employment. [xi]

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Student loans Student Loans Loans Bankruptcy 40

Troutman Sanders

JANUARY 17, 2023

On January 11, the Consumer Financial Protection Bureau (CFPB) proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or leave it” form contracts that claim to waive or limit consumer rights and protections, such as bankruptcy rights, liability amounts, or complaint rights.

Financial services 52

Financial services Student loans Student Loans Education 52

Collection Industry News

APRIL 6, 2023

A federal law allows the education secretary to cancel federal loans based on misconduct by the borrower’s school. Last year, in a separate development, the Education Department announced that it would wipe out $5.8 As of April 11, the government told the Supreme Court, 78,000 borrowers in the first group had received discharges.

Student loans 40

Student loans Student Loans Loans Education 40

Troutman Sanders

JANUARY 23, 2024

The department alleged that from at least 2015 through at least 2020, Patriot avoided providing mortgage services to majority-Black and Hispanic neighborhoods in Memphis and discouraged people seeking credit in those communities from obtaining home loans. Department of Justice announced that Patriot Bank agreed to pay $1.9

Financial services 52

Financial services Credit Unions Credit Unions Financial Institution 52

Fico Collections

DECEMBER 15, 2020

Since the FCC’s 2015 broad definition of Automatic Telephone Dialing System (ATDS) was struck down by the DC Court of Appeals, a steady stream of class action lawsuits have resulted in a number of conflicting decisions and a split among the courts. BSA/AML Reforms Are on their Way - Even With a Looming Presidential Veto.

Financial services 52

Financial services Government Banks Fair Debt Collection 52

The Kaplan Group

APRIL 11, 2021

Wagerr was based in 2015 as crypto investments and portfolio monitoring platform. Joining BitMEX in 2015, which grew into a $US3 billion ($3.9 Before You Bet is committed to responsible gamblingand present a range of educational content to help with sports activities betting.

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