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Archives for October 2015

Consumer Financial Protection Bureau Develop the First Ever Industry-Wide Standards for Student Loan Servicing Companies

As reported by DeWayne Sheaffer, President of NEA’s National Council for Higher Education, this past summer the Consumer Financial Protection Bureau (CFPB) listened to the voices of more than 30,000 frustrated Americans, including thousands of NEA members, who were tired of receiving bad or unclear information from their student loan servicers. Thanks to the efforts of…

Michigan Bankruptcy Court Judge Rules that Unemployment Insurance Agency Quadruple Damage Penalties are Dischargeable in Chapter 13!

Eastern District of Michigan Bankruptcy Court Judge Mark Randon ruled that the “super discharge” provisions of Chapter 13 operate to discharge the quadruple damage penalty assessed by the Michigan Unemployment Insurance Agency. The Michigan Unemployment Insurance Agency (“the Agency”) determined that the debtor was overpaid $6,897.00 in unemployment benefits because she intentionally failed to report…