The education secretary said the administration seeks to shift postsecondary education to low-cost, high-value programs. The Department of Education announced a final rule for the Workforce Pell Grant…
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Education Department Proposes Accountability Rules for College Aid Programs
Draft regulations would tie federal loan eligibility to graduate earnings and open a 30-day public comment period The U.S. Department of Education released a Notice of Proposed Rulemaking…
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FTC Moves to Permanently Ban Company for Threatening Consumers Over Fake Debts
Global Circulation Inc. and its owner face legal action over alleged impersonation, unlawful threats, and violations of consumer protection laws The Federal Trade Commission (FTC) and the state…
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FTC Increases Enforcement of Impersonation Rule
First-year actions under Impersonation Rule led to legal cases and website takedowns amid nearly $3 billion in reported losses. The Federal Trade Commission (FTC) has increased enforcement of…
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Senators Introduce Bill to Cap Credit Card Interest
Senators Hawley and Sanders seek to limit credit card interest rates to 10 percent. Senators Josh Hawley of Missouri and Bernie Sanders of Vermont jointly introduced a bill…
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Education Department Forgives $4.5 Billion in Student Loan Debt
The Education Department targets “deceptive” loans from Ashford University President Biden’s administration canceled the student loan debt of 261,000 borrowers who attended Ashford University, a majority online school…
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Supreme Court to Review Biden’s Student Loan Fraud Forgiveness
Texas organization argues that the administration’s rule change makes it too easy for students to file a borrower defense claim. The Supreme Court agreed to review the Fifth…
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CFPB Finalizes Rule Barring Medical Debt from Credit Reports
The bureau restored a provision of the 1970 Fair Credit Reporting Act. The Consumer Financial Protection Bureau (CFPB) issued a final rule to block credit reports from including…
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Treasury Secretary Updates House on Debt Ceiling
The new debt limit is expected to be reached by mid-January. Secretary of the Treasury has alerted the House of Representatives that the United States will likely hit…
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FTC Issues Refunds to Consumers Harmed by Unqualified Loans
470 victims receive compensation after Vivint Smart Homes misused credit reports to secure unauthorized financing. The Federal Trade Commission (FTC) is distributing nearly $500,000 in refunds to consumers…
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