Between interest rates, labor shortages, supply chain issues, the ongoing war in Ukraine and the aftereffects of COVID-19, debtors and creditors are facing some uncertainties, attorneys say.
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A pro bono team of lawyers helped a grateful domestic violence survivor get untangled from a business her ex-husband had set up in her name that left her facing substantial financial obligations.
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A recent survey of nearly 1,100 young lawyers found that many new attorneys are making major financial, personal and career sacrifices as a result of their student loans. That includes decisions ranging from marriage and children to making big purchases or taking vacations. The survey hits home for many young Indiana lawyers.
Read MoreThe Consumer Financial Protection Bureau found roughly 43 million Americans had medical bills on their credit reports, totaling nearly $88 billion dollars. Those debts comprised 58 percent of the bills in collections on people’s credit reports.
A student loan cancellation program for public service workers has granted relief to more than 1 million Americans — up from just 7,000 who were approved before it was updated by the Biden administration two years ago.
A federal judge in Missouri put a temporary hold on President Joe Biden’s latest student loan cancellation plan on Thursday, slamming the door on hope it would move forward after another judge allowed a pause to expire.
The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars.
The Supreme Court on Wednesday kept on hold the latest multibillion-dollar plan from the Biden administration that would have lowered payments for millions of borrowers, while lawsuits make their way through lower courts.
A debt collector working on behalf of a bank did not satisfy the federal face-to-face meeting requirements required for foreclosure on a Lafayette residence, the Indiana Court of Appeals ruled Friday in affirming a lower court’s judgment in favor of the property’s owner.
The 7th Circuit Court of Appeals affirmed a district court’s dismissal of Fair Credit Reporting Act and Fair Debt Collection Practices Act violations after the plaintiff failed to state an FCRA claim and lacked standing to bring an FDCPA claim.
The rules would ban credit reporting agencies from incorporating medical debt when calculating credit scores. They would also bar lenders from using medical debt to determine loan eligibility.
Americans who are struggling to repay federal student loans because of financial hardship could get some of their debt canceled under President Joe Biden’s latest proposal for widespread loan forgiveness.
A split Court of Appeals of Indiana has upheld the grant of a motion to set aside summary judgment in a dispute involving a financial company and a woman whose ex-husband admitted to using her identity to fraudulently obtain a loan.
The U.S. Attorney’s Office for the Southern District of Indiana collected more than $25 million in asset forfeiture and financial litigation debt in fiscal year 2023.
While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card balances after battling inflation for more than two years.
The Biden administration will start canceling student loans for some borrowers in February as part of a new repayment plan that’s taking effect nearly six months ahead of schedule.
Bankruptcy filings in Indiana’s Northern and Southern Districts fell in 2021 and 2022. But those filing numbers are starting to finally creep up, with year-over-year increases reported in the Northern and Southern Districts and nationally in June.
U.S. Vice President Kamala Harris said Thursday that the Biden administration is taking the first steps toward removing medical bills from people’s credit scores, which could improve ratings for millions of people.
On Monday, the U.S. Court of Appeals for the 5th Circuit issued an injunction to prevent the government from implementing regulations that took effect last month while it considers a lawsuit brought by Career Colleges and Schools of Texas.
Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.
The Biden administration calls it a “student loan safety net.” Opponents call it a backdoor attempt to make college free. And it could be the next battleground in the legal fight over student loan relief.
A sea of red dresses and gowns flowed into the Indiana Convention Center on Thursday to see Vice President Kamala Harris deliver the keynote address at the 56th national convention of Delta Sigma Theta.
The U.S. Supreme Court struck down President Joe Biden’s proposed $400 billion student loan debt relief plan last month, citing the need for Congress to be on board for a federal initiative with such a significant price tag.