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The Supreme Court Will Soon Murder Biden’s Student-Loan Forgiveness Plan

Forty million student debtors are waiting anxiously for President Biden’s loan forgiveness plan to kick in. Biden wants to knock off $10,000 from everyone’s student loans who makes less than $125,000 a year. That won’t mean much to people whose loans are in six figures, but it will mean a great deal to people with …

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Major Changes to Now Allow You to Eliminate Federal Student Loans in Bankuptcy

Are you in an income-based repayment program? Have you been repaying your federal student loans for more than ten years? Have you tried to work with your servicer on a more reasonable payment plan? -or- Are you in default on your federal student loans?  And have you been unemployed for at least 5 of the …

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FTC Goes After Timeshare Exit Players That Allegedly Target Older Folks

The U.S. Department of Justice, on behalf of the Federal Trade Commission, and the Wisconsin Attorney General, filed suit today against Consumer Law Protection and related companies, along with their owners and operators, Christopher Carroll, George Reed, Louann Reed, Scott Jackson, and Eduardo Balderas for scamming consumers—mostly older adults—out of more than $90 million in a …

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DOE and DOJ Issue Guidelines for Dealing with Student Debtors in Bankruptcy: Blah, Blah, Blah

On November 17, the U.S. Department of Education and the Department of Justice issued a 15-page document titled “Guidelines For Department Attorneys Regarding Student Loan Bankruptcy Litigation.” According to the memo, these guidelines aim “to enhance consistency and equity in the handling of [student-loan] bankruptcy cases.” These guidelines are bullshit and won’t do anything to …

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Another Half Assed Attempt to Fix Federal Student Loans With Bankruptcy

Another Half Assed Attempt to Fix Federal Student Loans With Bankruptcy

The Department of Education just released a guidance document to the Department of Justice on what they feel should be done to allow people to discharge federal student loans, partially or entirely. While I applaud the efforts by the Department of Education, it seems like we’ve watched this movie before. This guidance is just that, …

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FTC Nails Business in a Box and Crypto Investment Recycled Schemes. Here We Go Again.

Have I Been the Victim of a Fake Payday Loan Debt Collection Scam?

The Federal Trade Commission is taking action against DK Automation and its owners, Kevin David Hulse and David Shawn Arnett, for using unfounded claims of significant returns to entice consumers into moneymaking schemes involving Amazon business packages, business coaching, and cryptocurrency. The FTC’s complaint alleges that the defendants promised consumers that they could “generate passive income …

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Court Blocks Biden’s Student Loan Forgiveness. This is What Purgatory Looks Like.

Purgatory

President Joe Biden made a campaign pledge to forgive $10,000 in federal student loans. In August 2022, Biden announced that he would fulfill that pledge and offer $10,000 in student-loan forgiveness to anyone whose income is less than $125,000. People who received Pell grants while in college are eligible for $20,000 in student-debt relief. Biden’s Department of Education immediately …

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Student Loan Forgiveness On Again Off Again. Get Used to This Crap. More to Come.

Mortgage Relief Scammers Stopped From Screwing Over Vulnerable Consumers

The federal student loan forgiveness program, so many people were going to eliminate $10,000 to $20,000 of their federal student loan debt, was halted by a federal court judge. You can follow Brown v. Department of Education for updates here. But Here is the Kicker Federal student loan payments are set to resume in January …

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