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Ed. Department Discharges All Westwood College Loans

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billion of student loans for all of the 79,000 individuals who attended Westwood College between 2002 and 2015, ruling that the school “engaged in widespread misrepresentations about the value of its credentials for attendees’ and graduates’ employment prospects.”

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Judge Blocks Student Loan Debt Cancellation Program

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Compliance Student Loans Brown v. Department of Education District Court for the Northern District of Texas Judge Mark Pittman Student Loan Debt Cancellation

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Ed. Dept. Discharges All Remaining Loans for ITT Tech Students

Account Recovery

The Department of Education announced yesterday that it is canceling all the remaining federal student loans for anyone who attended ITT Technical Institute between 2005 and its closure in 2016. This will result in the cancellation of loans for 208,000 individuals who collectively owed $3.9

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Biden Announces Student Loan Cancellation Plan, Extends Moratorium on Payments

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Individuals with … The post Biden Announces Student Loan Cancellation Plan, Extends Moratorium on Payments appeared first on AccountsRecovery.net. Student Loans Student Loan Debt Cancellation

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers.

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Dept. of Education Announces Proposal to Change Repayment Plans on Student Loans

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The Department of Education yesterday announced a proposed rule that aims to lower the student loan payments being made by those with student loan debt, while completely pausing payments for individuals who make less than $30,600 per year. Student Loans Student Loan Debt Cancellation

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Warren Demands DoJ Release Student Loan Bankruptcy Guidance

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Backstory: Student … The post Warren Demands DoJ Release Student Loan Bankruptcy Guidance appeared first on AccountsRecovery.net. Student Loans Sen. Elizabeth Warren Student Loan Debt ReliefElizabeth Warren [D-Mass.]

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Individuals With Paused Student Loans Falling Behind on Other Credit Products: CFPB

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Individuals with student loans that had their payments paused during the pandemic are now falling behind on other credit products, according to data released this week by the Consumer Financial Protection Bureau.

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CFPB Announces Crackdown on Student Loan Servicers Over PSLF Program

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Student Loans Public Service Loan Forgiveness Rohit Chopra Student Loan Debt Cancellation

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Student Loan Debt Relief Scammers Sentenced

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Christopher Lyell was … The post Student Loan Debt Relief Scammers Sentenced appeared first on AccountsRecovery.net. Compliance Student Loans Brandley Hansen Christopher Lyell Hoke Nagahori Paul Rehmar Rob Bonta Student Loan Debt Relief Department

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Exploring the Overlap: Cost Optimization and Digital Transformation

Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM

The largest banks have increased reserves for protection against deteriorating economic conditions. Should banks delay their digital transformation investments and focus on cost reductions? In this webinar, Alex Jiménez will walk us through that question and examine the prudent course of action.

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Student Loan Debt Relief Scammer Gets 6 Years in Prison

Account Recovery

A Georgia man has been sentenced to six years in prison while also being ordered to pay $910,417 in restitution after pleading guilty in a scam that led to $48 million of federal student loans being fraudulently discharged through a program intended for disabled military veterans.

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Report Calls for ‘Broad-Based’ Cancellation of Student Loans

Account Recovery

The … The post Report Calls for ‘Broad-Based’ Cancellation of Student Loans appeared first on AccountsRecovery.net. Student Loans Center for Law and Social Policy National Consumer Law Center Student Loan Debt Cancellation

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Student Loan Repayment Moratorium Extended Until May

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Back in August, the government announced a … The post Student Loan Repayment Moratorium Extended Until May appeared first on AccountsRecovery.net. Student Loans COVID-19 Moratorium Student Loan Debt Cancellation

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Bill Introduced in Senate to End Student Loan Moratorium, Prohibit Debt Cancellation

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A bill has been introduced in the Senate that would prohibit President Biden from canceling outstanding federal student loan obligations due to a national emergency while also ending the current moratorium on federal student loan payments. Compliance Student Loans S.4094 Sen.

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Groups Call on Biden to Extend Student Loan Payment Pause

Account Recovery

” A … The post Groups Call on Biden to Extend Student Loan Payment Pause appeared first on AccountsRecovery.net. Student Loans Student Loan Debt Cancellation

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Government Extends Pause on Student Loan Payments Until Legal Challenges are Resolved

Account Recovery

The Biden Administration yesterday announced it was extending the moratorium on student loan payments until 60 days after litigation surrounding the plan to forgive up to $20,000 in unpaid student loans is resolved. Student Loans Student Loan Debt Cancellation

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Report Shares Details of Student Loan Restart Proposals

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The Department of Education is considering proposals that would give borrowers “new flexibility” like initial grace periods when its moratorium on student loan payments ends on January 31, according to a published report.

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Student Loan Debt Repayment Platform Raises $20M

Account Recovery

Candidly, a platform that aims to help individuals pay off their student loans while saving and building wealth at the same time, yesterday announced it had raised $20.5 The post Student Loan Debt Repayment Platform Raises $20M appeared first on AccountsRecovery.net.

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Student Loan IDRs Go Under the Microscope

Account Recovery

… The post Student Loan IDRs Go Under the Microscope appeared first on AccountsRecovery.net. Student Loans H.R.

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Lawmakers Ramping Up Calls to Extend Student Loan Payment Moratorium

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Student Loans Student Loan Debt Cancellation Student Loan Debt Collection

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Settlement Will Cancel $6B of Unpaid Student Loans

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The Department of Education yesterday announced a settlement in a lawsuit that will see the debts of 200,000 individuals forgiven, wiping out $6 billion in unpaid loans owed by individuals who had filed borrower defense claims that were left pending for years by previous administrations.

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Student Loan Debt Collection System Driving People Into ‘Deeper Hole’, Says Ed. Dept. Official

Account Recovery

The only good thing that happens when an individual defaults on his or her student loan is that debt collectors make money, according to an Undersecretary at the Department of Education who was speaking during a virtual panel discussion earlier this week.

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CFPB Publishes Supervisory Highlights Report on Student Loan Servicing

Account Recovery

The Consumer Financial Protection Bureau yesterday published a special edition of its Supervisory Highlights, spotlighting the student loan servicing and collection markets and pointing out some of the issues it has uncovered when examining companies in that market.

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Companies Illegally Collecting on Student Loans Discharged in Bankruptcy: CFPB

Account Recovery

The post Companies Illegally Collecting on Student Loans Discharged in Bankruptcy: CFPB appeared first on AccountsRecovery.net. Compliance Student Loans

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CBO Puts $400B Price Tag on Student Loan Debt Cancellation Plan

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The Biden Administration’s student loan debt cancellation plan will cost the government $400 billion, according to a report released yesterday by the nonpartisan Congressional Budget Office. Student Loans Student Loan Debt Cancellation

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Supreme Court Agrees to Hear Arguments in Student Loan Debt Cancellation Plan While Another Appeals Court Upholds Block

Account Recovery

Arguments in … The post Supreme Court Agrees to Hear Arguments in Student Loan Debt Cancellation Plan While Another Appeals Court Upholds Block first appeared on AccountsRecovery.net. Compliance Student Loans Student Loan Debt Cancellation

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LendUp to Stop Making New Loans, Collecting on Certain Existing Loans, Under Settlement with CFPB

Account Recovery

A copy of the proposed … The post LendUp to Stop Making New Loans, Collecting on Certain Existing Loans, Under Settlement with CFPB appeared first on AccountsRecovery.net. Compliance Enforcement Action LendUp Loans

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Ed. Dept. Announces Automatic Student Loan Cancellation For Disabled Borrowers

Account Recovery

The Department of Education has announced that 323,000 individuals who have a total and permanent disability will have their unpaid student loans automatically discharged without having to file any paperwork or applications. billion in unpaid loans.

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Group Files Petition with Supreme Court to Block Student Loan Forgiveness Program from Going Into Effect

Account Recovery

A group fighting to block a plan to forgive student loan debt has submitted a petition to the Supreme Court seeking an emergency injunction after a website went live this week accepting applications for the program. Student Loans Student Loan Debt Cancellation

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Report Breaks Down Who Will Benefit From Student Loan Debt Cancellation

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Economy Student Loans Student Loan Debt Cancellation

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Student Loan Debt Leads to Higher Chance of Heart Problems Later in Life: Study

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General News Student Loans Student Loan Debt Cancellation Student Loan Debt Relief

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Student Loan Debt Holding Individuals Back: Report

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Economy Student Loans Economic Data

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GOP Governors Call on Biden to Withdraw Student Loan Debt Cancellation Plan

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General News Student Loans Student Loan Debt Cancellation

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Ed. Dept. Cancels $500M in Loans for Scammed Students

Account Recovery

The Department of Education announced yesterday that is canceling the student loan debts for 18,000 individuals who were scammed by a defunct for-profit college. The total amount of the loans being forgiven is about $500 million.

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