AUSTIN, Texas — New numbers from the Federal Reserve show more and more people are defaulting on their auto loan and credit card debts, with Texans having one of the highest rates in the country.
Yesterday, the CFPB filed a notice with the Texas federal district court stating that it intends to move to transfer the lawsuit challenging the CFPB’s final credit card late fee rule (Rule). The notice was filed pursuant to an order entered by the court on March 18 questioning whether the Fort Worth Division of the Northern District of Texas is the correct venue to hear the lawsuit.
The Biden-Harris Administration announced today the approval of $5.8 billion in additional student loan debt relief for 77,700 borrowers. These approvals are the result of fixes made by the Administration to Public Service Loan Forgiveness (PSLF). Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $143.6 billion for 3.96 million Americans.
BOSTON — The Attorney General’s Office has filed a Motion for Preliminary Injunction against Champion Funding, Inc., Champion Funding LLC, Judgment Acquisitions Unlimited, Inc., Andrew Metcalf, d/b/a Judgment Acquisitions Unlimited, Inc., and Andrew Metcalf, individually, to halt harmful debt collection practices.
Salem, OR—Today, Governor Tina Kotek delivered remarks at the first meeting of the State Government Artificial Intelligence Advisory Council, established by the Governor’s Executive Order 23-06. Governor Kotek created the State Government Artificial Intelligence Advisory Council in response to the growing role that generative artificial intelligence is playing in society.
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