WASHINGTON – The Justice Department, in close coordination with the Department of Education, announced today a successful first year of the new process for handling cases in which individuals seek to discharge their federal student loans in bankruptcy. One year after Associate Attorney General Vanita Gupta announced the process in November 2022, data and information show that the process is achieving its goals of ensuring consistency and equity in the evaluation of student loan discharge requests, and that the process has translated into increasing numbers of eligible federal student loan borrowers seeking and obtaining debt relief under the Bankruptcy Code.
NEW YORK – New York Attorney General Letitia James and a coalition of five attorneys general today reached a $6.5 million agreement with global financial services firm Morgan Stanley Smith Barney LLC (Morgan Stanley) for compromising the personal information of millions of customers nationwide. Morgan Stanley failed to decommission its computers and erase unencrypted data in certain computer devices that were later auctioned while still containing consumers’ personal information, including data belonging to 1.1 million New Yorkers. New York will receive $1,658,047 from today’s settlement and Morgan Stanley will be required to strengthen its data security measures.
TAMPA, FLA (November 15, 2023) — Two executives at Suncoast Credit Union, Florida’s largest credit union, have been named as “The Most Powerful Women in Credit Unions” by American Banker for 2023. Julie Renderos, Chief Financial Officer, and Darlene Johnson, Chief Growth Officer, were among the 15 women chosen for this distinct honor. Suncoast is the only credit union to have two executives make the list.
Providence, Rhode Island-based Citizens Bank, the 28th largest U.S. mortgage lender, has decided to close its wholesale channel, which produced over $1 billion in volume in the first half of this year.
Auto dealerships and credit unions are different animals, but with the proper guardrails the two can work together for mutual benefit.
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