Student Loan Trusts Sue Consumers Illegally
These Student Loan Trusts, 15 of them bought up 800,000 student loans and sold Student Loan backed notes to INVESTORS. Then they sued consumers even though they had improper evidence. Their debt collector swore falsely under oath in court! Consent Order and Final Judgment in U.S. District Court for the District of Delaware. For […]read more
STUDENT LOAN PREDATORY LENDING SCHEME
Student Loan Debt informational blog by Constance d’Angelis, Esq. STUDENT LOAN PREDATORY LENDING SCHEME enabled by Private Equity Firm SEC shuts down PRIVATE EQUITY firm for defrauding 1,500 investors. Consumer Finance Bureau and 7 States Attorneys General sue PRIVATE EQUITY firm. Proposed Settlement $183.3K for 41,000 harmed Student Borrowers. Private Equity Firm (Aequitas Capital Management, […]read more
Could Student Loan Debt Usher In Another Financial Crisis?
We experienced a Mortgage Debt Crisis 10 years ago, are we setting the table for another? by: Constance d’Angelis As United States Bankruptcy attorneys during the financial decline fostered by the substantial mortgage debt default commencing in 2007, my colleagues and I reviewed the government activities including the Home Affordable program; and considered other possibilities […]read more
STUDENT LOAN LAW: FORBEARANCE
Is “forbearance” a form of probation for Student Loan Borrowers, or a prison sentence? Is it a boon or a bust for Student Loan Borrowers? By Kunal Thakkar University of South Florida Intern for Constance d’Angelis, Attorney-at-Law Note by Constance d’Angelis: Intern, Kunal Thakkar expresses his viewpoint about the subject of forbearance. This blog is […]read more
America’s Biggest Student Loan Debt Servicer Sued
The Consumer Finance Protection Bureau (“CFPB, Bureau or Plaintiff”) filed a lawsuit against Navient Corporation, Navient Solutions, Inc. (“Navient”) and Pioneer Credit Recovery, Inc. (“Pioneer”) (collectively “Defendants”). Navient Solutions, Inc. and Pioneer are subsidiaries of Navient Corporation, which is the largest servicer of both federal and private student loans in the United States of America. […]read more
Help Coming for Student Loans!
Student Loan Borrowers, Parents, Co-signers and Disabled Veterans… Rejoice. Help coming! $300 BILLION, in six million accounts with 12 million borrowers manipulated. Consumers cheated. Finally, after years of deceit the collector sued on behalf of consumers. The travesty of Student Loan debt collector abuse is surfacing – becoming more transparent. A former part of Sallie […]read more
Mortgage Mod Law Done and Gone, Now What?
Mortgage Mod Law Done and Gone, Now What? by Constance d’Angelis ALERT: If You Need to Save Your Home (or represent someone who does) – Act Now! Deadline: December 30, 2016. The Home Affordable Modification Program (HAMP) is done and gone. If anyone is in need of a Mortgage Loan Modification the application must be […]read more
CFPB Takes Action Against Bridgepoint Education, Inc. for Illegal Student Lending Practices
FOR IMMEDIATE RELEASE: September 12, 2016 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION AGAINST BRIDGEPOINT EDUCATION, INC. FOR ILLEGAL STUDENT LENDING PRACTICES CFPB Orders Full Relief and Refunds for All Private Loans Made by the School Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against […]read more
CFPB Takes Action Against Wells Fargo for Illegal Student Loan Servicing Practices
FOR IMMEDIATE RELEASE:August 22, 2016 CONTACT:Office of CommunicationsTel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION AGAINST WELLS FARGO FOR ILLEGAL STUDENT LOAN SERVICING PRACTICES Wells Fargo to Pay $3.6 Million Penalty to the Bureau Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against Wells Fargo Bank for illegal private student loan servicing […]read more
CFPB Finds Consumers Complain of Needless Hurdles in Applying for Lower Student Loan Payments
FOR IMMEDIATE RELEASE:August 18, 2016 CONTACT:Office of CommunicationsTel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU FINDS CONSUMERS COMPLAIN OF NEEDLESS HURDLES IN APPLYING FOR LOWER STUDENT LOAN PAYMENTS CFPB Calls on Student Loan Servicers to Strengthen Practices, Publishes “Fix It Form” for Servicers to Adopt WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) Student Loan […]read more