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December

2
2022
Industry News

Supreme Court Agrees to Hear Federal Request to Restore Student Loan Forgiveness Plans

The U.S. Supreme Court has agreed to review a request from the Biden administration to restore its student loan forgiveness plan, The Hill reports. While the court has agreed to review the case, it denied a request to immediately reinstate the program, according to the article.

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December

2
2022
Industry News

Student Loan Forgiveness: Federal Court Upholds Ruling That Biden’s Plan is Unlawful

In another blow to millions of borrowers, a federal court declined to reverse a ruling blocking President Joe Biden’s student debt relief program on Nov. 30.

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December

1
2022
Compliance

Protecting borrowers’ control over their money

As the economy recovers from the global pandemic, American families and businesses are experiencing higher prices as well as higher interest rates. This includes the interest rates for some credit cards.

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December

1
2022
Industry News

CFPB Takes $19 Million Action Against Loan Doctor and Edgar Radjabli for Offering Fake High-Yield Bank Accounts

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action against Loan Doctor to resolve the CFPB’s claims that the company and its founder, Edgar Radjabli, broke the law by deceiving consumers into thinking they were depositing funds into a guaranteed return savings product within a commercial bank.

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