Wednesday, November 27, 2019

Tuesday, November 26, 2019

Student loan reform group sues Education Secretary Betsy DeVos and CFPB Director Kathy Kraninger

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A group of consumer advocates is suing both the Department of Education and America’s consumer watchdog for allegedly siding with predatory student loan servicers over millions of indebted borrowers amid a $1.5 trillion student debt crisis.

Democracy Forward, a nonprofit legal organization on behalf of the nonprofit advocacy group Student Debt Crisis, brought the lawsuit against the Trump administration — specifically Education Secretary Betsy DeVos, Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger, and their respective agencies — for “shirking their legal obligation” in supervising student loan servicers, especially those who handle federal loans.



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Thursday, November 21, 2019

Tuesday, November 19, 2019

Deadline approaching to claim settlement from Equifax data breach

NEW YORK STATE (WSYR-TV) — If you were affected the 2017 Equifax data breach and are interested in claiming some of the settlement, the deadline is fast approaching.

If you decide to opt out of the settlement and file your own claim, you have to reserve your right to sue Equifax related directly to the data breach by sending a letter of exclusion. This has to be done by Tuesday, November 19th.

Deadline approaching to claim settlement from Equifax data breach



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Friday, November 15, 2019

Debt collection company to pay $4M to Massachusetts

Attorney General Maura Healy in a statement Monday said Virginia-based Portfolio Recovery Associates LLC “systematically and repeatedly broke our laws” and went after low-income, elderly, and disabled consumers.

 

The settlement will be used to pay back thousands of consumers.

 

 

 

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Friday, November 8, 2019

Thursday, November 7, 2019

Jim Flynn: Consumer agency’s fate lies with Supreme Court

The legal structure of the Consumer Financial Protection Bureau is once again in the news.

The U.S. Supreme Court agreed Oct. 18 to review a decision by the 9th Circuit Court of Appeals upholding the constitutionality of the CFPB. The case began when the CFPB demanded documents from a debt collection law firm and the law firm refused to comply, arguing the CFPB’s structure violated separation of powers provisions in the Constitution. The trial court agreed; the 9th Circuit did not.



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