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Appeals Court Upholds Dismissal of FDCPA Case Over Collection of Post-BK Student Loan

Account Recovery

The Court of Appeals for the Third Circuit has affirmed the dismissal of a Fair Debt Collection Practices Act case against a student loan servicer for continuing to attempt to collect a student loan debt after it had been discharged in bankruptcy because the plaintiff failed to follow the proper procedure.

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Steps Involved in Recovering Unpaid Student Loans

Nexa Collect

Recovering unpaid student loans is a systematic process. Just like mortgage recoveries, the steps can vary depending on the jurisdiction and the terms of the loan. Offset Tax Refunds and Government Benefits : For federal student loans in the U.S.,

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Timing Is Everything: Student Loan Servicer Avoids FDCPA Liability in Sixth Circuit

Troutman Sanders

The Sixth Circuit recently confirmed student loan servicers, who begin servicing debts after default and resale, are not liable to borrowers under the Fair Debt Collection Practices Act (FDCPA) because the servicers are not acting as “debt collectors.”. On March 25, in Willison v. Nelnet, Inc. ,

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Whether or not you file for bankruptcy also depends on the kind of debt you have. Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt.

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Tenth Circuit Adopts “Reasonable Consumer” Standard to Determine Materiality Under FDCPA

Troutman Sanders

The standard courts should use to determine whether an alleged Fair Debt Collection Practices Act (FDCPA) violation is material remains unsettled. Pioneer) to help collect the debt. The packet’s first two pages contained information about the alleged debt and ordered the employer to garnish the plaintiff’s wages.

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Student Debt: Info for Students, Debt Collectors & More

National Service Bureau

It’s no secret that student debt is at an all-time high. According to the US Department of Education, there are more than 40 million student loan borrowers who owe more than $1.2 A college education is practically the new high school equivalent - it’s pretty much expected to get a job.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The debt collector claimed that they were only responsible under the law when they intended to say something false. The debt collector’s argument is wrong,” the CFPB remarked in its blog. “As On December 27, 2023, the FTC filed suit against Grand Canyon Education, Inc., (GCE) For more information, click here.