Nystrand v. Kingdom of Sweden: Another underemployed lawyer seeks bankruptcy relief

A common saying when I was young (in the last century) was the old adage that lawyers are people who wish to make a lot of money but are risk-averse. That observation certainly rang true when I went to law school in the 1970s. I graduated from the University of Texas School of Law with … Read more

Better Future Forward Subject to CFPB Student Loan Attention But Gets Praise

The Consumer Financial Protection Bureau (CFPB) took action recently against an income share agreement (ISA) provider for mispresenting its product and failing to comply with federal consumer financial law that governs private student loans. Better Future Forward, Inc., through its affiliated companies, provides students with money to finance their higher education, in the form of … Read more

Education Halts Collections. Garnishment Continue Anyway.

In response to the COVID pandemic, the Department of Education allowed student-loan debtors to skip their monthly loan payments without penalty until September 30, 2021. That pause was recently extended to January 30, 2022. Thanks to the Department’s forbearance, millions of college-loan borrowers are enjoying a respite from making loan payments, knowing that DOE will … Read more

Student Loan Assistance Employees Facing up to Five Years of Jail

The Department of Education has just announced a new policy that subjects third parties to up to “criminal penalties that include a fine of not more than $20,000, imprisonment for not more than five years, or both, beginning one day after the date of publication of this notice.” It does appear that nonprofits get a … Read more

Capital One CEO Fined $.6 Million for Not Following the Law

Today, the Federal Trade Commission announced that Richard Fairbank, CEO of Capital One Financial Corp., will pay a $637,950 civil penalty to settle charges that his acquisition of Capital One Financial stock violated the Hart-Scott-Rodino (HSR) Act. Fairbank’s recent multi-million dollar compensation package included over 100,000 Capital One Financial shares in 2018, which increased his … Read more

Your Quick Side Hustle Guide: Everything You Need to Know

By Patrick Young The time when you could expect a stable, secure job for life has long passed. Self-employment is at an all-time high, and the “gig” economy is the new normal. To survive and, indeed, thrive in 2021 and beyond, workers must embrace the entrepreneurial mindset: If you want financial security, essentially, you will … Read more

What is the Average Cost of Divorce?

An uncontested DIY divorce could cost $300. For a messy, high-stakes parting, add zeros (knowing that the sum will be short of Jeff Bezos’ $38 billion). When the nuptial knot frays, average divorce costs add up to several thousand. Specifically, $13,000, on average, when a full-service lawyer handles the split, Nolo found. But all kinds … Read more

I Want to Know if Spring Legal Group Scammed Me

Question: Dear Steve, Spring Legal Group, a debt resolution group. They are supposed to be helping, and about $4000+ has been automatically deducted from my checking account. It went to a “third party” holding financial institution. Today I reviewed the account (8/27/2021), and there is only $97 in that account. The review shows all kinds … Read more