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ACS’s $9 million settlement in New York places a spotlight on problems in student loan servicing

January 4, 2019 sfgate Leave a Comment

Danielle Douglas-Gabriel, The Washington Post Published 5:19 pm PST, Friday, January 4, 2019 ACS Education Services, a company that once managed one of the largest portfolios of student loans, will pay New York $9 million to resolve charges of steering struggling borrowers away from affordable repayment plans, state officials said Friday. "ACS has systematically failed borrowers by refusing to educate them on more effective federal repayment options, and instead, pushing them towards options that padded their bottom line," said New York Attorney General Letitia James, who worked alongside Maria T. Vullo, the state's superintendent of financial services, on the case. The complaint focused on federal loans originated by private lenders through the defunct Federal Family Education Loan Program. Big banks including JPMorgan Chase and Wells Fargo owned some of those federally backed loans and hired ACS, now known as Conduent Education Services, to collect payments from … [Read more...] about ACS’s $9 million settlement in New York places a spotlight on problems in student loan servicing

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Not satisfied with private censure, New York lawyer sues and gets public punishment

November 1, 2018 abajournal Leave a Comment

Home Daily News Not satisfied with private censure, New York… Legal Ethics By Debra Cassens Weiss Posted November 1, 2018, 10:55 am CDT A New York City lawyer who refused to accept a private censure for secretly recording a court hearing in his divorce made matters worse when he sued the Attorney Grievance Committee. Now the lawyer, David Evan Schorr, has agreed to accept a public censure, the New York Law Journal reports. The New York Appellate Division for the First Judicial Department accepted the proposed censure in an opinion on Tuesday according to the Legal Profession Blog. Schorr’s suit had alleged disciplinary officials retaliated against him by reopening their investigation after he rejected the private censure. A federal judge tossed the suit, and the 2nd U.S. Circuit Court of Appeals at New York affirmed last year, saying Schorr had failed to plausibly allege any facts showing bad faith. The Attorney Grievance Committee relied on the 2nd Circuit’s … [Read more...] about Not satisfied with private censure, New York lawyer sues and gets public punishment

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Former New York Assembly Speaker gets 7 years in prison

July 27, 2018 mysanantonio Leave a Comment

Larry Neumeister, Associated Press Updated 2:22 pm CDT, Friday, July 27, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-5', placement: 'Interstitial Gallery Thumbnails 5', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-10', placement: 'Interstitial Gallery Thumbnails 10', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-15', placement: 'Interstitial Gallery Thumbnails 15', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-20', placement: 'Interstitial Gallery … [Read more...] about Former New York Assembly Speaker gets 7 years in prison

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Democratic Socialist Alexandria Ocasio-Cortez scores victory in New York election she didn’t run in

July 11, 2018 foxnews Leave a Comment

close Video Alexandria Ocasio-Cortez, the millennial who beat veteran Democrat: Who is she? Alexandria Ocasio-Cortez pulled off an upset victory over incumbent Rep. Joseph Crowley in New York's Democratic primary. Who is the 28-year-old candidate who beat the 56-year-old that has been in congress since 1999? Alexandria Ocasio-Cortez won again. The 28-year-old Democratic congressional candidate shocked the political world when she bested longtime Rep. Joseph Crowley in New York’s primary election last month. But Ocasio-Cortez, a member of the Democratic Socialists of America, apparently also won the Reform Party nomination in New York’s 15th congressional district as a write-in candidate even though she didn't run, the New York Daily News reported. The Reform Party held write-in primaries in multiple districts for the June 26 primary, according to City & State New York. For the 15th district, about 38 Reform Party members and 55,000 independents were able … [Read more...] about Democratic Socialist Alexandria Ocasio-Cortez scores victory in New York election she didn’t run in

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Local Politics, Not Trump, Dominate In Key New York Swing District

June 25, 2018 huffingtonpost Leave a Comment

POLITICS 06/25/2018 05:45 am ET Updated 0 minutes ago New York’s 19th Congressional District is a top target for national Democrats. By Daniel Marans KINGSTON, N.Y. ― When Gareth Rhodes explains his support for “Medicare for all,” he makes many of the same points about for-profit health insurance as other advocates of the hallmark progressive policy: the cripplingly high costs for worse outcomes, the job lock for workers who rely on employer coverage, and the depressing effect it has on small businesses. But before Rhodes, a former press aide to New York Gov. Andrew Cuomo (D) and a Democratic candidate in New York’s 19th Congressional District, gets to all that, he points to an orange rubber bracelet on his wrist with the words “Alyssa Strong.” He bought it on a campaign stop in St. Johnsville in February. Residents of the small mill town on the district’s northernmost edge were selling the bracelets for $5 to pay for … [Read more...] about Local Politics, Not Trump, Dominate In Key New York Swing District

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