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Bankruptcy News Briefs- 2/13

Thursday’s headlines are…

Appeal Filed From Bankruptcy Court’s Decision Granting Discharge of Student Loan Debt

What A Bernie Sanders Presidency Could Mean For Student Loan Borrowers

Reaction to potential cuts to Federal Student Loan Forgiveness Program

Growing Federal Subsidies for Graduate Loan Debt

Even high-income consumers are feeling squeezed by credit card debt

Why it matters when you’re 90 days late on a payment

Vehicle debt is piling up, driven by demand for SUVs, trucks

A Small Step Toward Clarity? The CFPB Issues Policy Statement on “Abusiveness” Standard

Sixth Circ.: Attorneys Not Liable Under FDCPA for Reasonable Mistakes of State Law

UPCOMING LIVE WEBINARS

Circuit Case Law Update
Thursday, March 5, 2020, 4:00 PM EASTERN to 5:00 PM EASTERN
Cost: FREE for NACBA Members / $50 Non Member
Presenters: NACBA Circuit Leaders & James Haller, Esq.
Register HERE

NACBA’s Circuit Leaders will outline the most important cases in your circuits.

Why You Should Attend: Don’t be the last to know what issues are coming next to a court near you. Find out what to expect by learning about the trends and case law are working their through the courts.

How to Train Your Staff & Paralegals to SAVE Time & Money
Thursday, March 19, 2020, 4:00 PM EASTERN to 5:00 PM EASTERN
Cost: $25 Member / $75 Non Member
Presenters: Jenny Doling & James Haller, Esq.
Register HERE

The Panel will discuss how to train your staff and paralegals, and keep them alert to changes, in the most efficient manner.

Why You Should Attend: Your office needs to run as efficiently as possible to best represent your clients and maintain profitability. Learn from our panelists what works, doesn’t work, and how to plan ahead.

Learn more about what the student debt bomb is

Bankruptcy News Briefs- 1/31

The final January 2020 news briefs are…

Idaho billionaire targets medical debt collectors

House of Representatives Passes New Credit Reporting Legislation

This Couple Owes $900,000 In Student Loans – Now, This Happened

Student Loan Debt and Mortgage Lending

In sickness and in health, but not in debt: Young Americans avoid ‘I do’ until student loans are paid off

Millions of Seniors Risk Taking Their Student Debt to the Grave

Student Debt Loan Moans Keeping Millennials Up At Night? You Might Be Surprised

Senators To CFPB: Why Are You Still Failing To Protect Student Loan Borrowers?

Student borrower advocacy group urges CFPB to supervise National Student Clearinghouse as CRA “larger participant”

MoviePass Owner Files For Bankruptcy While Disclosing State And Federal Investigations

U.S. farm bankruptcies hit an eight-year high: court data

Puerto Rico pension assets protected from bondholders, court rules

Consumer bureau sues Citizens Bank over alleged failure to resolve credit card errors

Bankruptcy News Briefs- 1/29

Take some time to read the following…

Top New York Bankruptcy Judge Pushes Mediation For Student Loans

Sallie Mae reverses course on personal loan origination

Debt Collection Rule Could Leave Non-English Speakers Vulnerable

Student Loan Discharged in Bankruptcy – Just a Blip, or Something Bigger?

Who owes all that student debt? And who’d benefit if it were forgiven?

Supreme Court Affirms Sixth Circuit: Bankruptcy Stay-Relief Denials Immediately Appealable

New judge sworn in to federal bankruptcy court in Las Vegas

New rules are gutting consumer watchdog group from the inside, legal experts say

More Trustees Fear for the Future

Bar Louie Gets Approval to Pay Wages, Access Bankruptcy Loan

United States: Bankruptcy Trustee Appeals Seventh Circuit’s Ruling On Sufficiency Of UCC Collateral Description To US Supreme Court

CFPB Issues No-Action Letter to National Bank for Funding Arrangements with Housing Counseling Agencies

WILL WE SEE YOU AT #NACBALA?

Join NACBA in Hollywood for the 28th Annual Convention. Check out this year’s schedule, speakers and more, and register today!

 

Bankruptcy News Briefs- 1/28

Tuesday headlines read…

Teachers Sue Betsy DeVos Over Student Loans

Phone scams look to capitalize on massive student loan debt

Is Student Loan Forgiveness Taxable? It Depends.

FICO’s new credit score model won’t ding you for simply having student loans or a big mortgage

Moriarty Bill to Require Dealers to Pay Off Consumer Debt on a Trade Vehicle Within 15 Days Approved by Assembly Panel

Title-Loan Settlement Means $825K for N Carolina Consumers

Oil Bankruptcies Are Piling Up

Consumer Financial Protection Bureau Issues Guidance Clarifying Abusiveness Standard

California Governor Moves to Strengthen State Consumer Protection Enforcement in 2020

CHECK BACK SOON FOR 2020 LIVE WEBINAR SCHEDULE

Bankruptcy News Briefs- 1/24

It’s Friday! Check out the latest news…

Surprise, Your Credit Score May Drop

After Bankruptcy, Nearly Half of Retailers Close All Stores

Greeting Cards Retailer Papyrus Files for Bankruptcy, Plans to Close Stores

Court Cites Student Loans As Reason To Deny Bar Admission To New Lawyer

Federal reserve report shows substantial increase in student loan debt

Key CFPB defenders urge SCOTUS to skip constitutional issue

Killing the CFPB Would Harm States, Attorneys General Tell Court

Former Wells Fargo CEO Hit With $17.5 Million Fine, Barred From Banking Industry

6th Cir. Holds Consumer Lacks Standing to Assert ‘Meaningful Involvement’ Claim, Not Every Technical Violation is Redressable

NY DFS Unveils Consumer Protection Task Force, adds Former CFPB Deputy Director

Sixth and Ninth Circuits Issue Decisions Applying Spokeo to FDCPA and FCRA Claims

Big Week in the 7th Circuit: Settlement Offers, Envelopes, Creditor ID, and More

Another Seat at the Table: CFPB Adds Another Member to Taskforce

CHECK BACK SOON FOR 2020 LIVE WEBINAR SCHEDULE

Bankruptcy News Briefs- 1/17

Kickstart your weekend with the following headlines…

House Overturns Student Loan Forgiveness Rule

CONSUMER CATCH-UP: Payless to reopen shoe stores closed during bankruptcy, 58.5 billion robocalls were placed in 2019, and credit card usage up 7 percent

IRS offers tax relief for student loan debt discharges

How to avoid student loan debt relief scams

To build a more diverse workforce, companies should focus on tackling student debt

CFPB 2019 Year in Review and What to Expect in 2020

CFPB Releases Guides on TRID Disclosures for Construction Loans

CHECK BACK SOON FOR 2020 LIVE WEBINAR SCHEDULE

Bankruptcy News Briefs- 12/19

Today’s news briefs are…

Trump Administration Weighs Plans to Reduce Student Debt

Supreme Court Ruling in Statute-of-Limitations Case has Wide-Ranging Implications

How Student Loans Impact Your Credit Score

How Student Loan Debt Is Affecting NYC Real Estate

How Students, Grads Use TikTok and YouTube to Pay for College

Chairwoman Waters Criticizes Kraninger for Political Appointee Candidate to Lead CFPB’s Enforcement Team

Massachusetts AG Pens Amicus Brief Supporting Objections to Equifax Settlement

Chief Justice John Roberts will play a starring role in Trump’s impeachment trial in the Senate

Policygenius: One in four Americans say credit card debt is their biggest financial regret of the decade

Owner of Zest Soap, V05 Shampoo Files for Chapter 11 Bankruptcy

Trade Groups File Brief in CFPB SCOTUS Case

CFPB Enters Consent Orders with Military Travel Lender and Servicer for Undisclosed or Overcharged Fees, False Rate Quotes, and Credit Reporting Violations

CFPB Releases Report Exploring Differences between Large and Small Mortgage Servicers

DON’T MISS NACBA’S LIVE WEBINAR!

Means Test Game Show: Is it income or an expense?
Date: December 19, 2019
Time: 4:00 PM EST – 5:00 PM EST
Cost: $25 Member / $75 Non Member
Presenters: Jenny Doling, Esq., Marybeth Ausbrooks, Esq., Gene Melchionne Esq. & James Haller, Esq.
Register HERE

Join our holiday panel for a game show quiz focusing on allowable or required income and expenses. You can’t lose even if you get the answers wrong..

Why You Should Attend: Ask yourself these questions. Is a withdrawal from a 401k income that should push your client into a five year plan? Is a 401k contribution a permissible expense? Is child support that isn’t received income? Is child support that is not being paid an expense? Your client wants to claim $900.00 in pet expenses for 8 pets. Is that expense ridiculous? Can you justify it? Learn the answers to these questions and more. Come join us!

Registration for NACBA’s next BIG blockbuster is now open!