The director says, “Medical bills have little predictive value in credit decisions.“ The Consumer Financial Protection Bureau (CFPB) is in the rulemaking process that would take medical bills…
Read MoreDebt Relief
Federal Student Loan Payments Resume
Student borrowers experienced a three-year hiatus on repayment. The official return of payments on federal student loans began October 1, after borrowers had experienced three years without payment…
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FTC Freezes Assets of Impersonators of U.S. Education Department
California-based companies allegedly scammed student borrowers seeking debt relief. The Federal Trade Commission (FTC) has taken action against those who offered student borrowers fraudulent debt relief. According to…
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USDA Provides Additional Support to Farm Loan Borrowers
The new assistance program aims to bolster agricultural businesses and overcome financial challenges. The U.S. Department of Agriculture (USDA) recently announced plans to offer additional financial support to…
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Fifth Circuit Temporarily Halts Federal Student Loan Relief
An injunction stops the program while litigation plays out. Judges in the Fifth Circuit U.S. Court of Appeals granted an injunction against the most recent loan relief plan…
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Supreme Court Rules Against President’s Student Loan Forgiveness
The opinion affirms the “power of the purse” belongs to Congress. The Supreme Court declared that President Biden’s administration does not have the authority to take unilateral action…
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FTC Supports Regulations to Protect Postsecondary Students
Agency comments on Education Department’s efforts to counter deceptive practices in higher education. The Federal Trade Commission’s (FTC) Bureau of Consumer Protection expressed support for the U.S. Department…
Read MoreSenate Plan Would Cut College Costs
A series of bills would also address student debt. Senator Bill Cassidy of Louisiana, Steve Daines of Montana, Tommy Tuberville of Alabama, Chuck Grassley of Iowa, Tim Scott…
Read MoreSenate Passes Bill to Halt Student Loan Forgiveness
A presidential veto is expected. The Senate passed legislation that overturns the student debt relief plan established by President Biden. That program would give 40 million loan recipients…
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FTC Stops Student Loan Debt Relief Schemes
Debt relief scams conned student borrowers out of millions. The Federal Trade Commission (FTC) has stopped two companies falsely claiming affiliation with the Department of Education and deceiving…
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