On September 9, the U.S. District Court for the District of Nevada granted summary judgment in favor of a debt collector in a case involving alleged violations of the Fair Debt Collection Practices Act (FDCPA) and the Telephone Consumer Protection Act (TCPA) based on phone calls the plaintiff received related to her medical debt.
Time’s nearly up for federal student loan borrowers to start repaying or else face credit score consequences soon. “To protect the most vulnerable borrowers,” President Joe Biden last year offered a 12-month “on-ramp” to repayment “so that financially vulnerable borrowers who miss monthly payments during this period are not considered delinquent, reported to credit bureaus, placed in default, or referred to debt collection agencies.”
The new wave of artificial intelligence – so-called AI – is bringing with it promises as well as threats. By assisting workers, it can raise productivity and boost real wages. By making use of large, underutilised data, it can improve outcomes in services including retailing, health and education.
Good things tend to consolidate as the cream rises to the top. The FinTech sector has seen meteoric growth over the past decade, disrupting traditional financial services and revolutionizing how consumers and businesses transact. Recent trends, however, indicate a shift toward consolidation in the space.
The Pennsylvania Higher Education Assistance Agency (PHEAA), operating under the name American Education Services (AES), is embroiled in a significant legal battle with the Consumer Financial Protection Bureau (CFPB). The CFPB’s lawsuit against AES centers on serious allegations concerning the management of private student loans, particularly those discharged in bankruptcy.
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