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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Federal Court Orders Jeweler to Reopen Refund Claims for Customers
Retailer violated settlement terms by closing portal – consumers are encouraged to act before the December 21 deadline. Harris Jewelry was found to be in violation of its…
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UN Climate Conference Will Address Climate Finance for Developing Nations
COP29 set to focus on renewed commitments to Global South. The United Nations Climate Change Conference (COP29) is set for November in Azerbaijan. Nearly 200 nations will discuss…
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CFPB Warns Medical Debt Collectors Against Collecting Inaccurate Debts
The agency will take action against double billing, insufficient documentation, and false filings. The Consumer Financial Protection Bureau (CFPB) recently issued a legal guidance for medical debt collectors,…
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Federal Judge Again Blocks Student Loan Cancellation
He granted an injunction after a multi-state lawsuit. U.S. District Judge Matthew Schelp temporarily halted President Biden’s latest student loan cancellation plan following a request by six other…
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SCOTUS Denies Administration Request to Reinstate SAVE Plan
The justices uphold the 8th Circuit’s injunction against the federal student loan forgiveness plan. The Supreme Court declined the request from President Biden’s Administration to reinstate the Saving…
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