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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FTC Permanently Bans Firms from Debt Relief After Scams
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…
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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…
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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.…
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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…
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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…
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