The American Bankruptcy Institute's Commission on Consumer Bankruptcy has been hard at work (Full disclosure: I am the Commission's reporter.) Yesterday, the Commission submitted written comments to the Department of Education's ... Read full article
For those of you writing on student loans, you may be interested in a new call for papers for a conference I am working to organize. On November 30, 2018, the Rappaport Center for Law and Public Policy, Boston College Law School, and the National Consumer ... Read full article
A common misconception is that student loans are never dischargeable in bankruptcy. There is a bankruptcy discharge exception for some qualified student loans and educational benefit repayment obligations. The discharge exception does not, however, apply ... Read full article
Covera ... Read full article
Following up on Alan White's post from this morning about the Education Department's draft notice about debt collection laws applicable to student loan debt collectors that prompted a Twitter moment, some more student loan news from the ... Read full article
As if the power to garnish wages without going to court, seize federal income tax refunds and charge 25% collection fees weren't enough, debt collectors have now persuaded the Education Department to free them from state consumer protection laws when ... Read full article
Twelve senators have just written ... Read full article
Although technically ... Read full article
In an application of the law of unintended consequences, the Republican plan to eliminate the deduction for student loan interest may render private student loans subject to discharge in bankruptcy. ... Read full article
Four core federal consumer financial laws—the Truth in Lending Act (and Reg Z ), the Electronic Fund Transfer Act (and Reg E) , the Real Estate Settlement Procedures Act (and Reg X ) and the Equal Credit Opportunity Act (and ... Read full article
The Department of Education just stripped the Accrediting Council for Independent Colleges and Schools of its accreditation role. (For those of you not in academy, this accreditation is critical for schools to get DoE funds, among other things. ... Read full article
I'm trying something new this year. ... Read full article
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Occasionally I receive emails from people who have read the blog wanting to share their stories or objecting to what I wrote about their case. They are a poignant reminder that the legal issues we deal with affect real people. When I write about a ... Read full article
“Believe it or not, the US Marshals Service in Houston is arresting people for not paying their outstanding federal student loans.” So says Fox 26 Houston reporter Isiah Carey. The problem is, this statement is absolutely false. Paul Aker owed student ... Read full article
The New York Times recently ran a very sad, if extreme and unrepresentative, story of student loan debt . There's lots one can say about the article, but two points really jumped out at me. ... Read full article
I have enormous respect and appreciation for the CFPB and the wonderful and talented and committed folks who work there. Thus I am mystified that in their efforts to improve servicing of student loans and directing of student loan at-risk borrowers to the ... Read full article
