The defendants who defrauded credit card debtors must surrender assets. The Federal Trade Commission (FTC) successfully sued operators of a credit card debt relief scheme that was located…
Read MoreDebt Relief
Education Secretary Proposes Reducing Student Loan Debt
The president’s loan forgiveness program awaits its day in court. The Department of Education announced a new proposal to cut student loan payments on undergraduate loans by half…
Read More
VA Extends Pandemic Hardship Relief
The pandemic program will now expire at the end of 2022. The Department of Veterans Affairs (VA) has extended its hardship suspension for benefit debts to December 31.…
Read More
Household Debt Tops $16 Trillion for First Time
Credit card balances grow to their highest level in 20 years. The New York Federal Reserve reported that household debt climbed past $16 trillion in the second quarter…
Read More
Expansion of Student Loan Relief Programs Proposed
The education secretary announces inclusions for increased debt forgiveness. This week, the Department of Education released a proposal to “expand and improve” student loan discharge programs under the…
Read MoreEducation Department to Cancel All Corinthian Colleges Loans
Determines over a half million students preyed upon by Corinthians Colleges. On Wednesday, the Department of Education announced that they will fully cancel all remaining federal student loans…
Read More
Department of Education Addresses Student Loans
Lists steps to correct student loans’ “longstanding failures.” The Department of Education recently released multiple action steps it will be taking to address the issue of America’s student…
Read More
President Extends Payment Pause on Student Debt
Resumption of payments moved from May 1 to August 31. President Joe Biden announced Wednesday the extension of the repayment freeze on federally held student loans through August…
Read More
Education Announces Student Loan Relief
Borrower Defense to Repayment program advances debt cancellation. Secretary of Education Miguel Cardona announced on Thursday that up to 72,000 former college students who misled, defrauded, or “otherwise…
Read More