Student-loan borrowers should be able to achieve 'financial freedom' through bankruptcy, Elizabeth Warren says — especially with 'the looming threat of restarting' repayment
through that process because they had to prove the"undue hardship" standard, in which borrowers have to show that they cannot maintain a minimal standard of living, that their circumstances aren't likely to improve, and that they have made a good-faith effort to repay their debt.
But it's been eight months since those reforms were announced, and Warren asked Attorney General Merrick Garland for a status update on implementation — especially with"the looming threat of restarting student loan payments"Warren wrote in a letter sent on Wednesday that the undue hardship standard"has been narrowly interpreted by courts, and has proven to be so difficult to meet that most borrowers do not even attempt to discharge their student loans through the bankruptcy...
Warren requested that by August 9, Garland provide information including how many borrowers have filed for bankruptcy discharge since the guidance was announced in November, how the Justice Department has informed attorneys about the new guidance, and the percentage of borrowers who filed for bankruptcy who actually had their loans discharged.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elizabeth Warren Asks SEC To Investigate Tesla Board - CleanTechnicaFor those who have followed Tesla for long, or have followed almost any notable stories regarding the Tesla board of directors, you are for sure familiar with claims that the Tesla board and Elon Musk are far too close and that there’s not enough independence on the board. It’s commonly claimed that the board just […]
Leer más »
Sen. Elizabeth Warren wants to build a new agency to police Big TechSen. Elizabeth Warren has already helped create independent agencies.
Leer más »
Warren Buffett touted AI's potential, warned of disruption, dangersWarren Buffett has touted AI's potential but warned it could be disruptive and dangerous. Here are his 7 best quotes about the budding technology.
Leer más »
Warren, Deluzio Grill Arms-Makers on How Much They Would Benefit From GOP Tax Cuts'These tax breaks are nothing but corporate handouts,' SenWarren and RepDeluzio assert in a letter to the CEOs of four military-industrial complex giants seeking answers to how much they'd gain if Trump-era tax cuts are extended.
Leer más »
The real reason you're not getting promoted even though you work hardI'm a former senior leader at Amazon. There's a secret reason you're not getting promoted and it has to do with 'calibration meetings' happening behind closed doors.
Leer más »