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 consumer debt held by auto loans ($1.1 trillion) and credit cards ($988 billion), and jumping by more than $521 billion in roughly six years.
A report released in May
On May 15, an en banc panel of the Third Circuit Court of Appeals issued a decision finding the statute of limitations for an alleged violation of the Fair Debt Collection Practices Act begins on the date the violation occurs, not on the date the debtor discovers the violation. The ruling adds to the growing
In a recent decision denying plaintiffs Aldean Isaac’s and Julissa Ortiz’s motion for summary judgment, a federal district court judge in the Eastern District of New York found that defendant NRA Group, LLC’s collection letter that included the same amount of debt twice and then a payment slip for the sum of these duplicate amounts
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 stop using private debt collectors to handle overdue student loan payments.
In this post-award bid protest filed on February 9, 2018, in the United States
Even before it succeeded in finally quashing a civil investigative demand (“CID”) issued by the Consumer Financial Protection Bureau on April 21, 2017, the Accrediting Council for Independent Colleges and Schools (“ACICS”) notched a second victory against a federal adversary in April 2018.
Background
Established in 1912, upon the request of Benjamin Franklin Williams, President
On Wednesday, May 23, from 3 – 4 pm ET, Troutman Sanders attorneys, Alan Wingfield, Wendy Sugg, and Meagan Mihalko presented a webinar discussing employment-purpose background screening laws. The federal Fair Credit Reporting Act imposes technical paperwork requirements on employers desiring to obtain background screenings, and many millions of dollars have been paid in individual
On May 14, the Supreme Court struck down the Professional and Amateur Sports Protection Act (“PAPSA”), a federal law that prohibited most states from allowing sports-related gambling. The ruling now clears the way for any state to legalize gambling on sports.
PAPSA made it “unlawful” for a state to “authorize” any gambling operation based on
On May 21, the U.S. Supreme Court, in a 5-4 decision penned by Justice Neil Gorsuch, held that employers can include a clause in their employment contracts that requires employees to arbitrate their disputes individually and to waive the right to resolve those disputes through class actions and other joint proceedings. The Court ruled such
On Wednesday, June 6, from 3 – 4 pm ET, Troutman Sanders attorneys, Ronald Raether and Jonathan Yee will present a webinar discussing vendor risk.
Business interconnectivity is nothing new. With the rise of the cloud, vendor management came into focus. Companies continue to engage outside vendors and third-party services providers to assist with key
On May 21, President Donald Trump signed a bill repealing the Consumer Financial Protection Bureau’s Bulletin 2013-02, a controversial bulletin addressing auto finance. As we reported here, the House passed a resolution officially disapproving of the Bulletin in early May, following in the footsteps of the Senate, which passed the same resolution a few