December 1st 2022, the federal Supreme Court rejected President Biden’s immediate request to revive his student debt relief plan. The court will review oral arguments in February 2023 and then determine whether the leading lawsuit against the program has merit.
A proposed class action claims the failure of Receivables Performance Management (RPM) to properly secure the private information of approximately 3.7 million customers is to blame for a 2021 data breach.
Attorney General Paxton has joined a Massachusetts-led multistate comment letter to the Federal Trade Commission (FTC) conveying the need for stronger privacy protections related to commercial surveillance and data security.
The Servicemembers Civil Relief Act (SCRA) provides important legal and financial protections to active duty servicemembers. These protections include the ability to reduce the interest rate on any pre-service obligations or liabilities to a maximum of 6 percent. Existing literature suggests that the interest rate reduction benefit is underutilized. To address this information gap, this report seeks to quantify, for the first time, the use of the SCRA interest rate reduction benefit.
WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) released research revealing that Reserve and National Guard members called to active duty are paying an extra $9 million in interest every year because they are not always receiving the benefit of their right to rate reductions under the Servicemembers Civil Relief Act.
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