Sentences with phrase «loan debt collection laws»

Monopolizing debt collection may help avoid confusing student loan debt collection laws.

Not exact matches

-- Virginia state laws do practically nothing to protect consumers in ways that go beyond federal protections — making Virginians susceptible to getting taken advantage of by loan and debt collection companies, and banks.

Federal law related to the collection of debts owed to the government requires ED to request that the U.S. Department of the Treasury withhold money from your federal income tax refunds, Social Security payments (including Social Security disability benefits), and other federal payments to be applied toward repayment of your defaulted federal student loan.

(1) The following shall be exempt from the Credit Services Organization Act: (a) A person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act, 12 U.S.C. 1701 et seq.; (b) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or a subsidiary of such a bank or savings and loan association; (c) A credit union doing business in this state; (d) A nonprofit organization exempt from taxation under section 501 (c)(3) of the Internal Revenue Code; (e) A person licensed as a real estate broker or salesperson under the Nebraska Real Estate License Act acting within the course and scope of that license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 - 1217.

«Shuttering the CFPB's student lending office is an appalling step in a longer march toward the elimination of meaningful American consumer protection law... This action actively promotes greater profits for a handful of debt collection businesses at the expense of mistakes, neglect, and confusion for millions of student loan borrowers.»

Pounding Student Loan Borrowers: The Heavy Cost of the Government's Partnership with Debt Collection Agencies, a report produced by the National Consumer Law Center's Student Loan Borrower Assistance Project, finds that the U.S. Department of Education heavily favors high pressure student loan collection and debt collector profits to the detriment of millions of financially distressed borrowers seeking hLoan Borrowers: The Heavy Cost of the Government's Partnership with Debt Collection Agencies, a report produced by the National Consumer Law Center's Student Loan Borrower Assistance Project, finds that the U.S. Department of Education heavily favors high pressure student loan collection and debt collector profits to the detriment of millions of financially distressed borrowers seeking hDebt Collection Agencies, a report produced by the National Consumer Law Center's Student Loan Borrower Assistance Project, finds that the U.S. Department of Education heavily favors high pressure student loan collection and debt collector profits to the detriment of millions of financially distressed borrowers seeking hLoan Borrower Assistance Project, finds that the U.S. Department of Education heavily favors high pressure student loan collection and debt collector profits to the detriment of millions of financially distressed borrowers seeking hloan collection and debt collector profits to the detriment of millions of financially distressed borrowers seeking hdebt collector profits to the detriment of millions of financially distressed borrowers seeking help.

The field of student loan law is relatively new, with attorneys incorporating not only a knowledge of federal regulations but also debt collection, credit reporting, and bankruptcy issues.

A student loan lawyer can help determine whether you have a reason to file a lawsuit against a collector for violation of federal or state debt collection laws.

Student loan collection agencies may engage in abusive or deceptive behavior that violates state or federal fair debt collection laws.

She defends clients in matters involving alleged violations of the Fair Credit Reporting Act, federal and state debt collection statutes, mortgage foreclosure and repossession laws, and loan modification and other servicing - related claims.

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 Education Department.

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I used their services for credit repair from medical debt and I have friends who have totally erased the bad student loan debt because collections agency have broken the laws surrounding the proper ways to collect on bad debt.