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Federal Judge Dismisses Lawsuit Against Student Loan Forgiveness

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The legal challenge to the Biden administration’s student loan cancellation plan, filed on behalf of the Brown County Taxpayers Association, was dismissed Oct. 6 for lack of standing. 10/11/2022 9:45 A.M. 2.5 minute read A federal judge dismissed a Wisconsin group’s legal challenge to the Biden administration’s student loan cancellation plan on Oct. 6, determining […]

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Legal Challenges to Student Loan Debt Forgiveness Grow

 

The latest challenge to overturn the Biden administration’s student loan debt forgiveness plans focuses on congressional approval needed for the plan and racial equity. 10/5/2022 2:30 P.M. 2.5 minute read A Wisconsin law firm is the latest to file suit seeking to overturn the Biden administration’s student loan forgiveness plans. The Wisconsin Institute for Law […]

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CFPB Supervisory Highlights Dive into Federal Student Loan Servicing

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The special report includes supervisory findings on university-owned lenders and an update on oversight of federal student loan transfers and the impact on consumers. 09/30/2022 1:30 P.M. 3 minute read The student loan servicing market has shifted significantly over the past two and a half years, prompting the Consumer Financial Protection Bureau to develop a […]

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Biden Administration’s Student Debt Plan Faces Federal Lawsuit

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Challenge says Congress did not authorize blanket student debt cancellation while Department of Education responds that claims are “baseless.” The plaintiff seeks to prevent the student debt cancellation from going into effect and a decision by Oct. 1. 09/28/2022 2:30 P.M. 3 minute read A nonprofit legal group, the Pacific Legal Foundation, has taken the […]

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Details Released on State-by-State Student Debt Relief

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The student debt relief plan for next year is expected to help over 40 million borrowers through loan forgiveness and give them time to prepare for payments that will resume in January. 09/22/2022 12:45 P.M. 3.5 minute read The Biden administration and U.S. Department of Education (DOE) have released new details on the targeted student […]

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California Seeks Comments on Proposed Student Loan Servicing Rules

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A student loan servicing comment period is underway on a notice of proposed rulemaking to clarify that education financing products are student loans and that servicers of those products must be licensed. 09/13/2022 2:45 P.M. 1 minute read On Sept. 9, the California Department of Financial Protection and Innovation (DFPI) proposed the adoption of new […]

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