Private Student Loan Relief During the Coronavirus Outbreak in the District of Columbia
May 1, 2020. Many borrowers in the District of Columbia with private student loans, who're affected by COVID-19, but not covered by the CARES Act, can get payment and other relief.
DeVos and Department of Education Sued for Garnishing Wages During COVID-19 Pandemic
April 30, 2020. A class action lawsuit accuses Education Secretary Betsy DeVos and the U.S. Department of Education of continuing to garnish wages in violation of the federal CARES Act.
April 21, 2020. Borrowers in multiple states—California, Colorado, Connecticut, Illinois, Massachusetts, New Jersey, Vermont, Virginia, and Washington state—who have private student loans and are affected by COVID-19 can get payment relief under a recent agreement.
Private Student Loan Relief Announced for Borrowers in New York During the Coronavirus Outbreak
April 7, 2020. Many student-loan borrowers in New York who've been affected by COVID-19, but aren't covered by the CARES Act, can get payment relief under a recent agreement between servicers and the Department of Financial Services.
Student Loan Relief Under the Federal CARES Act
March 27, 2020. The federal stimulus plan provides student loan relief to many borrowers and prohibits adverse credit reporting during the coronavirus pandemic.
March 13, 2020. Debt collectors must discontinue collection calls and stop sending collection notices to defaulted student-loan borrowers, as well as end wage garnishments and other monetary intercepts.
New Effective Date for CFPB’s Payday Lending Rule
November 19, 2020. The Consumer Financial Protection Bureau extended the compliance date for an ability-to-repay provision of a rule meant to crack down on payday lenders.
Tougher Loan Forgiveness Standards for Defrauded Students
July 1, 2020. Starting in 2020, getting a loan discharged because your school made misleading or deceptive claims will be harder.
Trump Budget Again Proposes Eliminating Public Service Loan Forgiveness
February 10, 2020. The administration’s budget again seeks to eliminate the public service loan forgiveness program,
Why Your Credit Score Might Go Down In 2020
January 23, 2020. FICO is introducing a new credit scoring system that might end up lowering your credit score.