Account Recovery

APRIL 29, 2022

Cancels More Student Loan Debt appeared first on AccountsRecovery.net. Judge Certifies Class in FDCPA Suit; Ed.

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Account Recovery

MAY 18, 2022

Appeals Court Upholds Ruling for Call Center in Age Discrimination Case; Student Loan Debt Leads to Higher Chance of Heart Disease appeared first on AccountsRecovery.net.

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Account Recovery

OCTOBER 11, 2021

Creates Student Loan Enforcement Unit appeared first on AccountsRecovery.net. Judge Awards Plaintiff $70k in Damages, Fees; Ed.

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Account Recovery

JANUARY 16, 2024

Collector Facing Class-Action For Sending Email to Plaintiff, 26 Others Judge Denies Competing Summary Judgment Motions in FCRA Case Over Dispute Investigation Student Loan Servicer Fined $1.8M

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Judgment Student loans Student Loans Loans 148

Troutman Sanders

DECEMBER 2, 2022

Supreme Court to vacate the Eighth Circuit injunction temporarily pausing the administration’s student loan forgiveness program. On November 22, the administration announced it would be extending the student loan repayment pause, which was set to expire at the end of the year.

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Collection Industry News

AUGUST 8, 2022

15 provides the Private Student Loan Collections Reform Act, which is contained in Sections 1788.200 to 1788.211. Section 1788.203 requires all settlement agreements between a private education lender or private education loan collector and a debtor to be documented in open court or otherwise reduced to writing. Title 1.6C.15

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Troutman Sanders

NOVEMBER 22, 2022

As discussed here , last month, the Eighth Circuit granted an emergency motion by Republican officials in six states to temporarily pause the Biden administration’s student loan forgiveness program while they appeal the dismissal of their challenge by a Missouri federal judge, who found that they do not have standing to sue.

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ABI

JANUARY 12, 2022

Generally, student loan debt will not be discharged in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of “undue hardship on the debtor and debtor’s dependents.” 7] The debtor disagreed and filed a cross motion for Summary Judgment. [8]. as provided by section 523(a)(8). [1]

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Collection Industry News

JUNE 20, 2022

On June 9, the CFPB filed a complaint and proposed order in California federal district court seeking final judgment against the owner of a student loan debt relief company for allegedly withdrawing more than $240,000 from the bank accounts of student borrowers without authorization.

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Account Recovery

FEBRUARY 27, 2023

The Court of Appeals for the Tenth Circuit has upheld a ruling in favor of a defendant that was sued for obtaining a default judgment and garnishing the plaintiff’s wages after he defaulted on a student loan debt, by falsely claiming he was the victim of identity theft and claiming the defendants lacked standing to … The post Appeals Court (..)

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Student loans Student Loans Garnishment Judgment 130

Troutman Sanders

APRIL 2, 2021

The Sixth Circuit recently confirmed student loan servicers, who begin servicing debts after default and resale, are not liable to borrowers under the Fair Debt Collection Practices Act (FDCPA) because the servicers are not acting as “debt collectors.”. the Sixth Circuit affirmed summary judgment for student loan servicer Nelnet, Inc.

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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. A court will typically consider a debtor’s potential for future employment in determining whether student loan debt may be discharged.

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Collection Industry News

JULY 12, 2022

Discussion about whether President Biden will forgive $10,000 in student loans for all borrowers dominates headlines. But behind the scenes, Biden’s Department of Education has canceled tens of billions of dollars by turbocharging existing loan forgiveness programs. Source: site. Key components of the proposed regulations.

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Collection Industry News

NOVEMBER 16, 2021

by facilitating payments related to an unlawful student loan debt relief scheme. million judgment that will remain suspended as long as the payment processor pays $500,000. Under the stipulated order, the payment processor is enjoined from providing payment processing services for any debt relief company.

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Troutman Sanders

JANUARY 20, 2022

On January 13, a coalition of 39 state attorneys general — led by AGs from Pennsylvania, Washington, Illinois, Massachusetts, and California — reached a settlement with student loan servicer Navient over allegedly unfair, deceptive, and abusive student loan origination and servicing practices.

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Credit Corp

MAY 30, 2023

A judgment is an order issued by a judge or jury to settle a lawsuit. In this case, the judge may order you to pay the other party as part of the court’s final judgment. The order can be issued in one of two forms: A monetary judgment: A judgment that orders one party to pay the other party a specific amount of money.

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Better Credit Blog

APRIL 2, 2022

Whether you’re making a big purchase or just refinancing some existing debt, a personal loan could help. But comparing loan options could take days — unless you use an online marketplace like Fiona which lets you compare personal loan offers side by side within minutes. How Fiona Loans Work. Fiona Loan Fees.

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Credit Corp

JUNE 3, 2020

A judgment is an order issued by a court of law. If they are successful, the court issues a judgment against you. What Happens After a Judgment Is Entered Against You? The court enters a judgment against you if your creditor wins their claim or you fail to show up to court. What Is a Judgment on Property?

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Better Credit Blog

MAY 12, 2022

In my recent experience, it’s not hard to remove judgments from your credit report as long as you follow the proper steps. Many readers assume it’s impossible to have the credit bureaus remove civil judgments because they involve the court system. It’s still possible you could see a judgment pulling down your credit score.

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Credit Corp

MAY 17, 2021

Federal Student Loan Debt: No. Your stimulus payment won’t be used to offset student loan debt if it’s a federal loan. This is not necessarily true for private student loans, though. Delinquent Loan Debt: Yes. The same is true for any type of loan or other delinquent debt.

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PBWT

JULY 1, 2021

Judge Harner explained that “[a]lthough the Bankruptcy Code[] reflects Congressional intent to provide debtors with as broad of a discharge as possible, Congress has expressly excepted [student loan] debt from the bankruptcy discharge.” § 523(a)(8) should be read to permit a partial discharge of student debt.

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Debt Free Colorado

APRIL 9, 2020

So far the offers have been vague, the most likely concessions will be for your lenders on your home and cars to allow you to move a monthly payment to the end of the loan and for credit cards to temporarily reduce your interest rate. There are more tools for dealing with your mortgage than any other type of loan. Student Loans.

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Troutman Sanders

OCTOBER 16, 2023

On October 11, an automotive management company settled claims by the Department of Justice (DOJ) alleging that the company had violated the False Claims Act by knowingly providing false information in support of its Paycheck Protection Program (PPP) loan forgiveness application. For more information, click here.

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Troutman Sanders

FEBRUARY 13, 2024

Gemini had alleged that Genesis pledged more than 61 million shares of Grayscale to secure loans, then defaulted on the loans. The case, Department of Agriculture Rural Development Rural Housing Service (USDA) Kirtz , involved a borrower who claimed the USDA inaccurately reported his loan as “past due,” damaging his credit score.

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TCPA

DECEMBER 11, 2020

The Eleventh Circuit recently affirmed the entry of summary judgment in favor of a student loan servicer and its affiliate, finding that their nearly 2,000 calls did not violate the TCPA because the plaintiff had renewed his consent by submitting … Continue reading →

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Troutman Sanders

NOVEMBER 15, 2022

District Court for the District of New Hampshire granted the Securities and Exchange Commission’s (SEC) motion for summary judgment against blockchain-based, file-sharing platform LBRY. In its summary judgment motion, the SEC argued that LBRY’s public offering of its native token LBC constituted an unregistered sale of securities.

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Collection Industry News

MARCH 14, 2022

In its ongoing lawsuit against the National Collegiate Student Loan Trust (NCSLT), the Consumer Financial Protection Bureau (CFPB) has asked a federal court to deny the NCSLTs petition to appeal an earlier decision that would allow them to be considered “covered persons”. Source- site.

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Nerd Wallet

OCTOBER 8, 2020

You might need to request a professional judgment from your school if your current finances are not accurately reflected on your financial aid application. When you submit the Free Application for Federal Student Aid, or FAFSA, your prior-prior year tax information is pulled into the application. Email: anna@nerdwallet.com.

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Troutman Sanders

OCTOBER 3, 2023

The consumer appealed after the district court granted summary judgment to the creditor finding the consumer could not show harm for the creditor’s failure to conduct a reasonable investigation. The consumer reporting agencies (CRAs) sent the dispute to the credit card companies for investigation. For more information, click here.

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Direct Recovery

APRIL 16, 2023

Legal notices soon follow, along with a court judgment taking a big chunk of your paycheck. Wage garnishments are put into place to recover unpaid taxes, outstanding child support, student loans, court judgments, or unpaid bills. This can be done legally by obtaining a court order.

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Collection Industry News

MAY 3, 2022

If entered by the court, the judgment would ban Performance SLC permanently from debt relief services and ban Crenshaw from debt relief services for five years. It would also ban Performance Settlement from certain loan-settlement and lead-generation activities. Source: site. The three defendants are based in California.

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Troutman Sanders

MARCH 14, 2023

While many Buy Now, Pay Later borrowers use the product without noticeable indications of financial stress, the report finds that Buy Now, Pay Later borrowers will more likely become active users of other types of credit products like credit cards, personal loans, and student loans. For more information, click here. government.

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Public Citizen

JULY 6, 2020

the Court held that a 2015 amendment to the Telephone Consumer Protection Act, which allowed cellphone robocalls to collect federal debts (such as student loans and mortgages), gave unconstitutionally favorable treatment to federal debt collection over other types of speech. filed an opinion concurring in the judgment.

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Troutman Sanders

MARCH 6, 2023

While many Buy Now, Pay Later borrowers use the product without noticeable indications of financial stress, the report finds that Buy Now, Pay Later borrowers will more likely become active users of other types of credit products like credit cards, personal loans, and student loans. For more information, click here. government.

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Credit Corp

JUNE 8, 2023

When you borrow money, whether through a revolving account, like credit cards , or an installment account, like an auto loan or student loan , the information is gathered by the credit bureaus. When you apply for a loan or card, the bank or issuer may look at just your credit score or at your entire credit file.

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Collection Industry News

FEBRUARY 1, 2022

Many times, the collection fees accessed on overdue accounts significantly increase the amount of money owed by students by as much as 30%, and Miyares’ office says he “knows that’s wrong.”. “As This is lower than the nearly 18% fee charged by the federal government for defaulted student loans.

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Sawin & Shea

JULY 28, 2021

Civil court judgments (not counting anything that was based on fraud). Personal loans: Although your family or friends who helped you out will not be thrilled to hear this, these are discharged. Personal loans: Although your family or friends who helped you out will not be thrilled to hear this, these are discharged.

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