See all posts tagged: "Cancel student loan debt"

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(***)College debt forgiveness

(***)Biden on student debt

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Biden officials are considering action against student debt relief

(AP) - The Biden administration is exploring whether it can take steps to ease student debt through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families.A tweet from White House press secretary Jen Psaki seemed to go beyond her comments during a briefing earlier Thursday, when she said President Joe Biden was looking to Congress to take the next step on student loan relief. Biden has said he supports up to $ 10,000 in student loan cancellations per borrower."The president continues to support the cancellation of student debt to bring…

More than 2,000 receive free legal aid

The Bar Association of the Kingdom of Cambodia (BAKC) announced that they had provided free legal representation on behalf of poor people in 2,167 cases for a period of 100 days. The BAKC further noted that between those cases and free consultations or legal advice for the poor, they had assisted a total of 3,658 clients in municipal and provincial courts across the country. Speaking at a press conference on February 19 about their achievements, BAKC President Ly Chantola said, "As volunteer attorneys, we defend cases for these clients not only out of a sense of duty, but because it…

Student loan borrowers can skip payments until 2021, but that may not be long enough

It's official: Millions of student loan borrowers will not have to pay off their debts until the end of this year, the Ministry of Education clarified last week. But the extra few months of student loan support probably aren't enough to mitigate the economic devastation borrowers are experiencing. And the timing of the resumption of payments can still create administrative problems for borrowers. “We've only just kicked the can on the road,” said Persis Yu, the director of the Student Loan Lender Assistance Project at the National Consumer Law Center. "What we really hoped for was a long-term solution that…

Is this the end of credit reporting for debt collection agencies?

As of December 1, 2004, the Fair Credit Reporting Act ("FCRA") requires financial institutions that grant credit and provide information to a consumer reporting agency ("CRA") to notify the customer before or no later than thirty years. days later, provide negative information about the customer. 15 USC § 1681s-2 (a) (7) (A) (i). Because collection agencies do not grant credit to customers, they are not subject to this cancellation obligation. As a result, some debt collection agencies provide collection information about a debt to CRAs without first notifying the consumer. However, due to the recent latest line of debt collection…

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