On Friday, the Consumer Financial Protection Bureau (CFPB) filed a new lawsuit against the... Read more: How to Consolidate Student Loans The complaint filed in federal court in...
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The federal government will pay at least $17.5 million to settle a class action lawsuit filed after a major privacy breach involving about 583,000 student loan recipients. ; Firms involved in the class action says they and federal lawyers have agreed to the settlement, subject to court approval in February. ; The notice of settlement posted online says that every student who signed up for the class action will receive $60 due to the inconvenience associated with the loss of their personal information. ; They will also receive payments to cover any actual losses directly related to the privacy breach, which could push the overall cost to the government even higher.
Lawsuit loans are usually funded by hedge funds, personal investors, or banking institutions which can be ready to loan cash to plaintiffs using the vow of a hefty return on their...
“In essence, SoFi is being forced to compete with loans with 0% interest rates and for which any ongoing repayment of the principal is entirely optional," the lawsuit says. Democrats and...
their loans. Yet, unlike other recent challenges to the Biden administration’s executive... The Pacific Legal Foundation (PLF) filed a federal lawsuit Tuesday with the intent of putting a...
Piggy with “In Debt” graduation cap standing on money. Last week, consumer advocates filed a lawsuit against the U.S. Department of Education and the Consumer Financial Protection Bureau, accusing these government agencies of failing to protect student loan borrowers. The lawsuit paints a dire portrait of the state of student loans. The U.S. Department of Education is the biggest player in the student loan world, handling hundreds of billions of dollars in federal student loan debt. Rather t...
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“The Moratorium has eliminated the primary benefits of student loan refinancing,” the lawsuit says. “In essence, SoFi is being forced to compete with loans with 0% interest rates and...
The lawsuit, meant to halt student loan relief, said one borrower would be stuck with a big state tax bill. Now he just won't get his loans relieved.