Elizabeth Warren wants more student loan borrowers to know bankruptcy is easier now

Senator Elizabeth Warren, D-Mass., wants the U.S. Department of Justice to do more to educate student loan borrowers about the new, easier path to filing for bankruptcy.

In a May letter reviewed by CNBC, the Democratic senator from Massachusetts, along with Sen. Sheldon Whitehouse, D-R.I., wrote to, director of the U.S. Trustee Program at the Department of Justice, urging her"to continue to educate borrowers, attorneys, and courts" about the Biden administration'sreleased by the U.S. Department of Education and Justice Department in the fall of 2022.

"DOJ and ED must work harder to encourage borrowers to seek relief — and deliver on that relief when requested," they added.Malissa Giles, a consumer bankruptcy lawyer in Virginia, agreed that the government needed to better inform borrowers and lawyers about the new process.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren calls on Defense Department to review Frontwave Credit Union’s contract with Marine CorpsFor nearly 30 years, the Marine Corps has funneled thousands of recruits into the Oceanside-based credit union during boot camp. Frontwave is now the subject of a congressional investigation into its overdraft fee practices.
Source: KPBSnews - 🏆 240. / 63 Read more »