Mulvaney has said repeatedly that he planned to curtail the bureau’s operations to only what it is required by law. He had been a long-time critic of the bureau while he was a Congressman from South Carolina, and while acting director has pleaded with Congress to trim the bureau’s mandate and make it more subject to Congressional oversight. … [Read more...] about Watchdog agency wants less focus on student loan abuses
Student loan loan payoff calculator
“His application demonstrates a course of action amounting to neglect of financial responsibilities with respect to the student loans he has accumulated since 1983,” the decision says. “His recalcitrance in dealing with the lenders has been and continuesto be incompatible with a lawyer’s duties and responsibilities as a member of the bar.” … [Read more...] about Court Stands Firm: Law License Denied Because of Unpaid Student Loans
The Institute for College Access & Success, a nonprofit group that works to increase the public’s understanding of student debt, designed a sortable spreadsheet with the Department of Education data. Based on that offering, freestanding law schools with the largest percentages of student loan defaults for fiscal year 2014 were: … [Read more...] about Which freestanding law schools had the highest loan default rates for fiscal year 2014?
With this policy change, it is important to carefully examine investor strategy with source of funds documentation. If an investor chooses to take out a loan for the source of the EB-5 investment, it is important to examine the collateral and its ownership carefully. Equally important is having the bank’s permission to use the loan as the source of an EB-5 investment. … [Read more...] about USCIS Changes Policy on the Use of Loan Proceeds as a Source of Funds
The CFPB issued its final payday loan rule yesterday in a release running 1,690 pages. Lenders covered by the rule include nonbank entities as well as banks and credit unions. In addition to payday loans, the rule covers auto title loans, deposit advance products, and certain high-rate installment and open-end loans. The final rule becomes effective 21 months after publication in the Federal Register (except for certain provisions necessary to implement the rule’s consumer reporting requirements, which become effective 60 days after the rule’s publication). … [Read more...] about CFPB issues final payday/auto title/high-rate installment loan rule