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Results: 1-10 of 31

Not Quite Done: A CFPB Advisory Body Falls
  • Troutman Sanders LLP
  • USA
  • June 19 2018

On June 6, the Consumer Advisory Board’s twenty-two members were informed that they would no longer serve on the CAB and could not reapply for their


Taking Stock of Virginia’s Newly-Created Office of the Qualified Education Loan Ombudsman
  • Troutman Sanders LLP
  • USA
  • June 19 2018

As designed and envisioned, student loan ombudsmen are government officials tasked with helping borrowers struggling with repaying their student loans


Winter is Here - FTC’s “Operation Game of Loans” Leads to $12 Million Judgment Against Student Loan Debt Relief Company
  • Troutman Sanders LLP
  • USA
  • June 15 2018

The Federal Trade Commission recently reached a settlement agreement with a Los Angeles-based company purporting to offer student loan debt relief


What (Some) Employers and (Some) Schools Are Doing to Help Mitigate the Nation’s Student Loan Problem
  • Troutman Sanders LLP
  • USA
  • June 11 2018

As the student loan total keeps climbing and Congress keeps debating what to do, advice from all corners keeps bombarding the nation’s desperate


Man Bites Dog: Consumer Attorneys Required to Pay Defendant
  • Troutman Sanders LLP
  • USA
  • June 8 2018

On May 31, the Fourth Circuit Court of Appeals affirmed a $150,000 sanctions award against three consumer attorneys and their law firms for bad faith


Latest Student Loan Data Paint a Grim Picture
  • Troutman Sanders LLP
  • USA
  • June 6 2018

On March 31, 2018 the United States crossed a milestone. As of that date, Americans’ student loan debt topped $1.5 trillion, exceeding the share of


DOE Plans to Stop Using Private Debt Collectors
  • Troutman Sanders LLP
  • USA
  • May 31 2018

As disclosed in a notification filed on May 3, in FMS Investment Corp. v. United States (“the Notice”), the Department of Education (“DOE”) will soon


Another Win: ACICS Preserves its Accreditation
  • Troutman Sanders LLP
  • USA
  • May 28 2018

Even before it succeeded in finally quashing a civil investigative demand (“CID”) issued by the Consumer Financial Protection Bureau on April 21, 2017


Debt Collector Escapes FDCPA Liability With Clear Validation Notice
  • Troutman Sanders LLP
  • USA
  • May 10 2018

On May 2, the U.S. District Court for the District of New Jersey granted a debt collector’s motion to dismiss a putative class action brought under


Ninth Circuit Rejects Flat-Rating Claims in FDCPA Class Action
  • Troutman Sanders LLP
  • USA
  • May 7 2018

In Echlin v. PeaceHealth, the U.S. Court of Appeals for the Ninth Circuit held that a debt collection agency meaningfully participated in collection